The value of silver increased marginally, by 0.19% to hit 71717, mostly as a result of the ongoing demand for safe haven assets amid growing Middle East tensions. Positive economic data, such as stronger-than-expected U.S. consumer spending in September, a healthy third-quarter GDP, and stronger durable goods orders for September, all contributed to this upswing….
On October 25, gold prices rose as a result of falling U.S. Treasury yields, but the safe-haven demand for gold began to wane, making further gains difficult. After officials from all around the world tried to defuse the Israel-Hamas conflict, this development occurred. After falling the previous two days, spot gold increased by 0.3 percent…
On Monday, October 23, gold prices in India were trading down due to weak bullion demand in the spot market. For 22-carat and 24-carat gold, respectively, the prices in Delhi were Rs 56,500 and Rs 61,600 per 10 grammes. Additionally, the cost of silver decreased by Rs 200 to Rs 75,100 per kg. Lower rates…
The U.S. dollar lost ground on six-month highs reached last week, while gold prices rose to two-week highs on Tuesday as investors’ attention turned to the Federal Reserve’s two-day policy meeting, which gets underway later in the day. FUNDAMENTALS After reaching its highest price since September 5 earlier in the session, spot gold was stable…
Silver rates fell by 0.32% on Thursday, while gold prices just slightly declined. Gold October futures were selling at Rs 59,460 per 10 grams on the Multi Commodity Exchange, down Rs 18 or 0.03%. On the MCX, silver December futures were trading at Rs 76,037 per kilogram, down Rs 243. Although inflation figures anticipated later…
Yesterday, the dollar increased as risk aversion reigned as a result of mounting concerns about the health of regional U.S. banks and worry about the likelihood of an unprecedented U.S. default, which caused silver to settle down by 0.8% at 72733. At his most recent meeting in June, Jerome Powell, the chairman of the U.S….
The price of gold is falling today, while the price of silver is down by 0.21%. Gold June futures were down Rs 146 or 0.24% to Rs 61,273 per 10 grams on the Multi Commodity Exchange. At Rs 77,290 per kg on the MCX, silver July futures were trading 166 rupees lower. According to Reuters,…
The U.S. debt ceiling standoff and other economic uncertainty helped silver close up 0.49% at 77456 yesterday as markets prepared for inflation figures that could affect the Federal Reserve’s interest rate policy. There is currently an 88.0 percent possibility that the Federal Reserve will maintain interest rates at its next meeting in June, according to…
On Wednesday, the price of gold is declining, while the price of silver is rising by 0.10%. Gold June futures were up Rs 101 or 0.17% on the Multi Commodity Exchange, trading at Rs 60,160 per 10 grams. Silver May futures were trading at Rs 74,334 per kg on the MCX, up Rs 71. As…
The price of silver yesterday decreased by 1.12% to settle at 74654 as markets anticipate the U.S. Federal Reserve would choose to maintain a higher or longer interest rate stance to curb inflation. Inflation, according to Fed officials, is still “far above” the central bank’s 2% target. Michelle Bowman, the governor of the Federal Reserve,…
