Topic 4: BULLION: FROSTY SHINE

In the first week of November 2024, Gold prices rose and peaked at around Rs 78712 per 10 grams in India due to the Middle East conflict. As tension eased prices fell sharply, on the 26th price of 24-carat gold dropped to around Rs 76430 per 10 grams, and by the month's end it was trading at Rs.76500. Silver prices followed a similar trend, with initial increases due to safe-haven demand. However, by mid-November, prices declined significantly. On November 26, silver was priced at about Rs 87,930 per kilogram, down from previous highs, but end of the month it stabilised at Rs 94500 per kilogram. The major factors which have affected bullion prices are Middle East conflicts, profit-taking investors, poor US economic numbers, and lastly seasonal demands due to to wedding and festive season. December 2024 presents opportunities for both gold and silver markets amid fluctuating prices the major factors to watch for would be macroeconomic indicators and geopolitical developments around the world.



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