#Things You Need To Know

Price Rate of Gold & Silver 

Price Rate of Gold & Silver

As we move through 2024, the price rates of gold and silver have expected to be influenced through a variety of global economic factors. Both precious metals have traditionally been safe havens for investors, particularly during times of economic uncertainty. The remainder of 2024 will likely see fluctuations in their prices due to several key factors.

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Gold

The price of gold has expected to remain volatile but generally on an upward trend. Factors such as geopolitical tensions, inflationary pressures, and potential interest rate changes by major central banks like the U.S. Federal Reserve will play significant roles. If inflation continues to rise, investors may flock to gold to protect their wealth, pushing prices higher. Additionally, any further geopolitical instability, especially in regions like the Middle East or Eastern Europe, could drive up demand for gold. Analysts predict that gold could reach new highs, potentially surpassing $2,100 per ounce by the end of 2024.

Figure 1: Gold 

Silver

 Silver, often more volatile than gold, has also expected to see price increases, driven by both its role as a precious metal and its industrial applications. The ongoing transition to green energy, which relies heavily on silver for technologies like solar panels, will support higher prices. However, silver’s performance has also tied to global economic conditions, and any slowdown in industrial activity could temper its gains. Despite this, silver prices have projected to hover around $30 per ounce, with potential spikes if demand from both investors and industries remains strong.

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The price rates of gold and silver in the latter half of 2024 are likely to rise, supported by inflation concerns, geopolitical factors, and industrial demand, though they will remain subject to market volatility and economic shifts.

Price Rate of Gold & Silver 

R.G. Kar Medical College

Price Rate of Gold & Silver 

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