look news india
The price of gold and silver continues to fluctuate. During this week (20 to 25 May), the price of both gold and silver has fallen. Surprisingly, this week the price of silver rose only for two days, while the price of gold rose only for one day. Experts have also given their opinion on the price of gold and silver next week.
The price of gold has fallen so much!
This week the price of gold has fallen by 3.60 percent. On May 20, the price of 24 carat gold was Rs 75,160 per 10 grams. On May 25, it fell to Rs 72,440. In this way, the price of gold has increased by Rs 200 this week. There has been a decrease of 2720. This week, the price of gold rose only on May 20. On that day the price of gold increased by Rs 540 per 10 grams.
There was no change in the price of gold on May 22 and May 25. The price of gold fell on the remaining three days. The biggest fall was on May 23. On that day gold fell by more than Rs 1000. The maximum price of gold this month was Rs 75,160 per 10 grams on May 20. This was also the highest price of gold till date. Since then the price of gold has been falling continuously.
same is the case with silver
Silver also had a bad condition this week in terms of price increase. In this one week, the price of silver has fallen by 5.20 percent. On May 20, the price of silver was Rs 96,500 per kg. On May 25, the price fell to Rs 91,500. In this way, the price of silver has fallen by Rs 5000 this week.
Silver prices rose only on two days this week (20 and 22 May). On 20 May, silver prices rose by Rs 3500 per kg. While on 22 May, it was increased by Rs 1200. Silver prices fell on the remaining 4 days of the week. The biggest fall was on 23 May. On this day, silver fell to Rs 3300 per kg. Silver prices have been falling continuously since 22 May.
Amid rising inflation in the US, the US Central Bank Federal Reserve has not made any change in the interest rates. It was expected that the bank would cut interest rates but this did not happen. Meanwhile, there are indications that the Federal Reserve may cut interest rates. Due to which the price of gold has fallen. However, the demand for gold is continuously increasing.
The world economy is expected to get back on track
On the other hand, silver is now seen as an industrial metal. Its use in many electronic devices has increased significantly. At present, the economy of many other countries including China is not on track and production is not increasing. The reason for this is the presidential election to be held in America this year. After these elections, the world economy is expected to get back on track. In such a situation, the price of silver will increase. According to experts, there will not be much change in the price of gold and silver next week. This is a good opportunity to invest in both these metals.
