Gold Price Hike: The rise in gold and silver has shocked the senses, is this the right time to buy?

News India Live, Digital Desk: To be honest, we all want to save a little part of our earnings and buy gold or silver, especially for festivals or weddings. But the news that came this morning has shaken the budget of the middle class. Within a single day, the prices of gold and silver have taken such a huge leap that it is difficult to believe. Such a huge increase has never been seen…even market experts are surprised. Today, gold prices have seen an increase of about ₹ 2,883 in one go. If you are thinking that only gold has become expensive, then wait! The real news is in silver. The price of silver has jumped by about ₹ 14,475 within a day. Yes, you heard it right. Such a huge increase was never seen in recent years. Why is this fire happening? Often we think that this is happening because of the local market, but the reality is something else. The ongoing war-like situation around the world and uncertainty in the international markets have made precious metals a ‘safe investment’. Big investors are now buying gold and silver instead of shares, due to which both their demand and prices have gone out of control. What will happen to the common buyer? There was a time when people used to slowly get jewelery made for their beloved’s wedding. But in such a fast pace it has become difficult for a common man to decide the budget. After seeing today’s rate, everyone is asking the same question – “Should we still buy gold or wait for the price to fall further?” Experts say that there is instability in the market right now, but gold and silver have always been a profitable deal in the long run. If you have a big project coming your way, adding a little gold at each major drop may be an old but wise tip.