It’s all glitter and shine: Should investors buy gold and silver?

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Gold vs Silver Investment: The major factors behind the recent rally in gold prices are uncertainty around slower growth in major economies and rising conflict in the Middle East.

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Prices of gold and silver have been hovering at record highs. On Wednesday, the price of gold (24 carat) touched an all-time high of Rs 78,703 per 10 gram, and silver was trading around Rs 99,151 per kg. While the surge in gold price is driven by safe-haven appeal amid geo-political concerns, heavy buying from central banks across the globe and expectations of future rate cuts by the US Federal Reserve, the spurt in the price of silver is mainly contributed by an increase in demand from industries and also due to speculative buying.

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Market experts suggest that investors cuold look to buy both precious metals, but in a staggered manner.

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The surge in gold and silver prices

The price of gold (24 carat) hit a fresh record high of Rs 78,703 per 10 gram on Wednesday. In the futures market, the price of the yellow metal was trading at Rs 78,800 per 10 gram for the December contract.

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Silver, also referred to as the white metal, touched a high of Rs 99,151 per kilogram in the spot market. The price of silver for the November contract in the futures market was Rs 99,619 per kg.

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