Following the appointment of Kevin Warsh as Chairman of the Federal Reserve by the President of the United States, donald trumpthe precious metals markets They reacted downward.

And although a few days ago OfMoney I shared with you that Banorte paid more than $100,000 pesos for a gold centenary, the price of this piece and the Libertad ounce of silver has decreased.

Banorte adjusts Centenario and Libertad Ounce prices after the recent decline in gold and silver. (Photo: Created with AI)

That is why on this occasion I share with you the updated purchase and sale prices in Banorte for today and whether it is still advisable to invest in these precious metals.

The decline in gold and silver prices began to collapse since last January 30, according to the precious metals markets report, silver fell 30% while gold showed a decline of 10%.

According to information from “Banco Fuerte de México” last Thursday, January 28, it was stated that the Gold Centenario (50 pesos gold) is sold at a price of $122,000 pesos, while its purchase price was $104,850 pesos.

I invite you to follow our latest news every day by clicking here: https://news.google.com/s/CBIw7YjIgsMB?sceid=MX:es-419

However, on Banorte’s website, it is stated that today, Wednesday, February 4, the purchase price of the centenary (50 pesos gold) is $93,163 pesos, while its sale value is $110,590 pesos.

On the other hand, the prices of the remaining centenarians are as follows:

• Aztec Centenario (20 pesos gold): purchase value, $37,307 pesos and its sale price is $44,279 pesos.
• Centenario de Hidalgo (10 pesos gold): its purchase value is $18,654 pesos, while its sale price is $22,140 pesos.
• Centenario ½ Hidalgo (5 pesos gold): Its purchase value is $9,327 pesos, while its sale value is $11,070 pesos.
• Centenario ¼ Hidalgo (2.5 pesos): Its purchase value is $4,663 pesos, while its sale price is $5,535 pesos.
• Centenario ⅕ Hidalgo (2 pesos gold): Its purchase value is $3,731 pesos, while its sale price is $4,428 pesos.

In the case of the Libertad Ounce of Silver, its purchase value is $1,353.40 pesos, while its sale price is $1,866.65 pesos.

It should be noted that the quotes shown on the Banorte website are shown at least 30 minutes late, and their value may vary depending on the geographical area.

Over the years, gold and silver have established themselves as an ideal alternative for investors, this is thanks to their reputation as safe haven assets and their resistance to inflation, which positions them as a great alternative within the market.

However, given the recent decline in the value of precious metals at the beginning of this month of February, many financial analysts consider that long-term fundamentals continue to make gold and silver one of the solid investment alternatives.

Likewise, these experts consider that the decline in these metals will be short-lived and foresee an anticipated recovery at a modest pace in the coming days.

About the author: Daniel Fitta He is a journalist passionate about personal finances; write every day in OfMoney of The Universal.