While the price of gold fell, the price of silver moved up. Silver rose by Rs 300 per kg. With this, the price of silver reached Rs 62,400. The main reason for this is the recovery in demand from industry units and coin makers.
On the other hand, the price of gold fell in the international market. Gold fell 0.07 percent to $ 1877 an ounce. While the price of gold fell, the price of silver moved up. Silver rose 0.02 percent to $ 23.35 an ounce. There are many factors that affect the price of gold. Many factors such as inflation, global market change in pound prices, gold reserves at central banks, interest rates, jewelery market, geographical tensions, trade wars will have an impact on pound sterling.