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gold and silver

The stock market is subject to risks…you must have heard and read this tagline after any market related ad. Right now it seems to fit perfectly. The stock market is sometimes turning green and sometimes taking a sharp dive. Exactly the same thing is happening with gold and silver also. The Indian stock market improved slightly on Thursday and the prices of gold and silver suddenly came down. Silver ETFs fell by 20 percent. But then the story changed completely today. Both the major commodities made a comeback and today gold and silver prices rose by 30% from last Thursday's low.

On January 23, a sharp recovery was seen in gold and silver exchange traded funds (ETFs). Yesterday they had fallen significantly, but today they bounced back strongly and managed to recover their previous losses. During this period, precious metals i.e. gold and silver touched new all-time high levels. However, the ETF is still trading slightly below its 52-week high, which was set the day before yesterday.

Great recovery in silver ETFs

Tata Silver ETF had a huge fall of 24% yesterday and reached a low of Rs 25.56 but today it made a spectacular recovery and rose by more than 17% to reach a high of Rs 33. That means, from yesterday's lowest level till today, there has been an increase of about 29%. Similarly, Groww Gold ETF was the highest growing gold ETF today, which is trading at Rs 155.97 with a rise of 7%. Experts say that due to increasing global uncertainty, investors are increasingly moving towards safe investments, and that is why this rise in gold and silver is being seen.

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Motilal Oswal's commodity experts Navneet Damani and Manav Modi believe that gold seems to be a better option right now. Silver has shown a very strong rally in recent times, due to which the gold-silver ratio has now reduced significantly. Therefore, the risk-reward ratio of gold looks better in the near future. Silver has also remained strong in the long run because its demand in the industry is increasing and the supply in the physical market is tight, but right now there is a possibility of more fluctuations in silver. That is why it would be better to invest more in gold at this time, so that the impact of market fluctuations is reduced and investors can remain in precious metals.