On India Bullion and Jewelers Association (IBJA), the price of 999 purity gold stood at Rs 1,21,370 per 10 grams on November 18, as of 2:00 p.m. The price is down 1.26 percent from yesterday’s price at Rs 1,22,924.
“Following a brief surge, gold prices have dipped marginally, which is indicative of the volatility seen in recent weeks. Demand for gold is still adjusting ahead of peak wedding season, even though global cues are staying constant. Given that the overall outlook for gold remains stable, investors may want to take advantage of this slight correction to enter the market gradually,” said Aksha Kamboj, Vice President, IBJA.
Gold prices vary by purity. Check out below to see prices of gold based on their purity.
Silver, on the other hand, continues to shine not just as a household essential but also as a key investment and industrial metal. The price of 999 purity silver stood at Rs 1,51,850 per kilogram on November 18, up 1.99 percent from yesterday’s close at Rs 1,54,933.
“As traders respond to changing global cues and uneven physical demand, there is a slight decline from the previous price. Even though the medium-term outlook for silver is still positive, buyers have a short window of opportunity to profit from lower levels during this correction,” said Kamboj.
Silver prices vary by city. Check out below to see the price of gold where you live.
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