![]() ![]() How do our sites use Cookies and Other Tracking Technologies? The information provided below about cookies also applies to these other tracking technologies. This allows our sites to recognize your device from those of other users on our sites. The other tracking technologies work similarly to cookies and place small data files on your devices or monitor your website activity to enable us to collect information about how you use our sites. What are Cookies and Other Tracking Technologies?Ī cookie is a small text file that can be stored on and accessed from your device when you visit one of our sites, to the extent you agree. This cookie policy should be read together with our Privacy Policy.īy continuing to browse or use our sites, you agree that we can store and access cookies and other tracking technologies as described in this policy. This cookie policy explains how and why cookies and other similar technologies may be stored on and accessed from your device when you use or visit websites that posts a link to this Policy (collectively, “the sites”). understands that your privacy is important to you and we are committed for being transparent about the technologies we use. Check Business Breaking News Live on Zee Business Twitter and Facebook. Get Latest Business News, Stock Market Updates and Videos Check your tax outgo through Income Tax Calculator and save money through our Personal Finance coverage. For all other news related to business, politics, tech, sports and auto, visit. Investors are advised to check prices with their jeweller before acting on the information.)Ĭatch latest on the RBI policy review and minute-by-minute stock market updates here. (Disclaimer: These are indicative prices collected from trusted sources. Here's an indicative list of spot gold prices in some of the major Indian cities: City-wise gold price (24k) in India (June 8, 2023) "Rate hike fears may keep gold under pressure as the upcoming FOMC meeting on June 13-14 is the first such meeting in a long time which carries so much uncertainty about the Federal Reserve's monetary policy decision," said Praveen Singh – Associate VP, Fundamental Currencies and Commodities, Sharekhan by BNP Paribas. ![]() ![]() Spot gold was up 0.36 per cent in the international market and stood at $1946.7 per ounce. government fixed the ratio at 15:1 with the Coinage Act of 1792.In the international market, COMEX gold traded at $1,960.7 per ounce. The Roman Empire officially set the ratio at 12:1 and The U.S. For hundreds of years the ratio was often set by governments for purposes of monetary stability and was fairly steady. Therefore, shifts in industrial demand can impact the price of silver and, subsequently, the gold-to-silver ratio. Furthermore, Silver has various industrial applications, including in electronics, solar panels, and medical equipment. However, gold has traditionally been favored as a store of value and a hedge against inflation, leading to its higher demand and higher price relative to silver. Both gold and silver are considered precious metals and are often sought after as safe-haven investments during times of economic uncertainty. The gold-to-silver ratio is influenced by several factors. Conversely, a lower ratio indicates that silver is relatively more expensive compared to gold, suggesting a potential opportunity for gold to outperform silver. A higher gold-to-silver ratio suggests that gold is relatively more expensive compared to silver, indicating a potential opportunity for silver to outperform gold in terms of price appreciation. Historically, the ratio has varied significantly over time, with different ranges considered favorable for either gold or silver investments. It can provide insights into market trends and potential investment opportunities. The gold-to-silver ratio is primarily used as a tool by investors and traders to evaluate the relative value between gold and silver. ![]() The resulting ratio indicates how many ounces of silver are needed to purchase one ounce of gold. It is calculated by dividing the current market price of gold per ounce by the current market price of silver per ounce. The gold-to-silver ratio is a financial metric that compares the price of gold to the price of silver. ![]()
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