Thursday, 7 July 2016

Good Commodity News for Investors, Current Gold rally likely to continue till December

Gold hits 28-mth high above Rs 31k mark as Brexit fears return : Gold prices shot up to Rs 31,050 per 10 grams, a 28-month high, by surging Rs 400 in the bullion market today, underpinned by risk-off attitude among investors and positive global cues. 
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The only thing that Indians love more than buying real estate is buying gold. So there's good news for investors as experts predict the current gold rally in India may continue till at least the end of the year, possibly beyond.
With gold prices reaching a high of Rs 31,953 per 10g on 6 July 2016, this is the first time in four years that these have touched the Rs 31,000 peaks of 2012. In the past year alone, gold has risen 17.2% from Rs 26,450 on 4 July 2015 to Rs 31,000 on 5 July this year. "Due to the current uncertainty in the global market, especially after Brexit, as well as the currency volatility, gold prices are likely to move up," 
Silver While gold has risen 17.2% in the past year, silver has jumped 28.7%, from Rs 36,500 per kg on 4 July 2015 to Rs 47,000 now. Does this mean that silver offers better prospects than gold as an investment?
So go for silver only if you have a high risk appetite. "Silver is a highly dynamic commodity and very volatile. Even though it gives very good results, and may do so in the current uncertainty, touching $23 globally, go for it only if you are open to risk,

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