Gold and Silver on one day plunges and then recovers?
This has been the story all along eversince the markets have shown similar trends. Gold ended at 12,980/10gm on Saturday as thecrude oil prices rallied. This was also backed by buying by Stockists and Gold fabricators.
The rise was about Rs.110 after the last session saw a dip of Rs 330. One of the factors that attributed to the rise was the rising rates of crude oil and the rising inflation. Gold is always used to hedge inflation and as inflation rose, Gold prices rose as well.
the thing to ponder here is: What will happen if the surge in oil Prices continue? Will gold be dearer as well?
Gold and Silver on one day plunges and then recovers?
This has been the story all along eversince the markets have shown similar trends. Gold ended at 12,980/10gm on Saturday as thecrude oil prices rallied. This was also backed by buying by Stockists and Gold fabricators.
The rise was about Rs.110 after the last session saw a dip of Rs 330. One of the factors that attributed to the rise was the rising rates of crude oil and the rising inflation. Gold is always used to hedge inflation and as inflation rose, Gold prices rose as well.
the thing to ponder here is: What will happen if the surge in oil Prices continue? Will gold be dearer as well?