New Delhi: Gold sales in the second week of December wasn't so great even after the wedding season, while silver also looked weak. In the bullion markets, the spot price of gold declined by Rs 270 per 10 grams from December 7 to 11. During this period, the price of silver was lower by Rs 832 per kg.
At the same time, if compared to the highest price of gold, gold has become cheaper by Rs 7208 per 10 grams so far and silver has become cheaper by Rs 13776. Explain that on the morning of August 7, gold had reached Rs 56254 per 10 grams. This is the all-time high level. Talking about silver, on this day it reached Rs 76008 per kg. Experts say that long term investment in gold is a profitable deal. However, they also say that they should do a full investigation before investing.
Gold returned to the trail in the first week of December. At the same time, silver has also regained its lost tone. In the first week of December, the price of gold increased by Rs 487 per 10 grams, while silver was strongly rebounded to Rs 2995. However, gold is still about Rs 7000 cheaper than its peak. At the same time, silver remains at Rs 12944.
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