Give one reason for rising gold and silver in making jewellery
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GOLD:-Since international gold is dollar denominated, any weakness in the dollar pushes up gold prices and vice versa. The inverse relationship is because firstly, a falling dollar increases the value of currencies of other countries. This increases the demand for commodities including gold. It also increases the prices.
SILVER:-There is a good market, which offers fair price discovery and reasonable liquidity. All of these make this precious metal a good investment asset for many. ... It can be rightly said that for long-term investor, it is a good time to invest in silver." India looks set to witness a good monsoon this year.
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Gold and silver are used to make jewellery because these metals have shiny surfaces. They are highly malleable and ductile. They have high resistance to corrosion.
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