, Noida Jewelers Welfare Association){kind=link}
NOIDA: Sector 18 Market Association Noida Sushil Kumar Jain said (General Secretary), Noida Jewelers Welfare Association and (President), Sector 18 Market Association Noida said that the movement of gold and silver prices is being affected by both global and local factors these days. Gold prices are at their highest level. Gold prices are rising internationally, especially when there is uncertainty in the market, such as inflation, political instability, and financial crisis. Apart from this, the Indian rupee is also weakening against the dollar, which may further increase the price of gold.
How long can the rise last?
Sushil Kumar Jain said that there is still a possibility of further increase in gold prices, especially when there is instability in the economy around the world. Inflation and policies of central banks such as determination of interest rates can affect the price of gold. If economic uncertainty persists at the global level, then gold prices may see further increase. If the war going on at the global level ends, then the price of gold is likely to come down.
From the investment point of view
Sushil Kumar Jain said thatgold is seen as a safe investment, especially at a time when other investments have high risk. If you are thinking of investing for the long term, then gold can be a good option. However, those who are thinking of investing in the short term should be cautious as there can be fluctuations in prices.
Since the prices of gold and silver are continuously increasing rapidly, it is the right time to buy jewellery, especially for those who want to invest or have to get wedding at home and want to purchase jewellery
Impact on Noida market
In urban areas like Noida, gold prices affect the jewellery market. When gold prices rise, people think about investing in gold. However, the increase in gold prices also affects the purchase of jewellery, and its prices may increase further during the festive season.
Therefore, it is advisable to take investment decisions in Noida market by understanding the rising gold prices, so that you can take full advantage of the market conditions.
Today, the price of gold on 20 March 2025 is around 92000 per 10 grams and the price of silver is around 103000 per kg.