CNN Central News & Network–ITDC India E-Press / ITDC News, Bhopal: Gold and silver prices recorded a sharp decline in the bullion market on Thursday. Silver fell by Rs 3,988 per kilogram to the Rs 2.44 lakh level. With this, silver has come down by about Rs 1.42 lakh from its all-time high. Gold also softened, with the price of 10 grams falling by Rs 816.
According to experts, profit-booking in the international market, a stronger dollar and a shift by investors toward safe investment options have kept pressure on precious metals. After touching record highs in recent days, both gold and silver have seen increased selling.
Market watchers believe that global economic indicators, interest rates and geopolitical developments could continue to influence gold and silver prices in the coming days. However, long-term investors are also viewing the current decline as a buying opportunity.
The easing in prices ahead of the festive and wedding season has brought some relief to consumers, while investors are closely watching the market’s next direction.
Hashtags: #BusinessEconomy #Bhopal #DeskSource #SilverPrices #GoldPrices #BullionMarket #PreciousMetals #ProfitBooking #StrongerDollar #SilverFallsRs3
