By Admin 
Gold & Silver Price: In the Indian bullion market, there was a strong rise in the prices of gold and silver on Monday, February 9, the first trading day of the week. This surge has come at a time when the US dollar is continuously weakening and investors are moving towards safer investment options. Along with this, the eyes of the market are fixed on the upcoming important economic data of America.
On MCX, the price of silver rose by 4.93 percent or Rs 12,320 to Rs 2,62,212 per kg, while gold also rose by 1.50 percent or Rs 2,335 to trade at Rs 1,57,786 per 10 grams.
what will happen next
In recent times, there was a decline in the prices of gold and silver, but now they seem to be gaining strength again. MCX Silver Futures currently remain in the range of Rs 2,50,000 to Rs 2,70,000 per kg, whereas earlier it had reached a high of around Rs 4,20,000 per kg. Experts believe that after the big fall, silver has controlled itself and in the coming time its prices may go up to Rs 3,00,000 to Rs 3,25,000 per kg.
What should investors do?
From investment point of view, experts say that it is important to adopt a balanced strategy at this time. For those investors who have already invested in gold, holding is considered a better option for them, because gold can give stable and safe returns in the long term. At the same time, those who are new investors and are planning to buy now, they should wait for any possible fall in prices and not invest hastily during the bullish period.
A major reason for the current rise in gold prices is its recent decline from high levels, which has increased the attraction of buying it. Apart from this, the weakness of the US dollar, global economic uncertainty and the wait for data related to the US labor market are also attracting investors towards gold and silver, because these factors can play an important role in deciding the direction of interest rates in future.
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Disclaimer: (The information provided here is being given for information only. It is important to mention here that investment in the market is subject to market risks. Always take expert advice before investing money as an investor. ABPLive.com never advises anyone to invest money here.)