Silver prices slightly declined by 0.01% to 85,658, driven by higher U.S. bond yields and awaited inflation data. The Federal Reserve emphasized the need to adjust monetary policy due to labor market risks and confidence in inflation’s 2% target. U.S. durable goods orders exceeded expectations in July, shaping market expectations. Future rate adjustments remain under…
As the prospect of lower U.S. interest rates hurt the dollar and encouraged more flows into the yellow metal, gold prices steadied in Asian trade on Wednesday after reaching record highs this week. Both spot and December-expiring gold futures saw 0.1% and 0.1% increases, respectively, to $2,515.44 and $2,553.35 an ounce. At $2,531.72 an ounce…
Tuesday’s opening price for the gold October futures contracts at MCX was Rs 71,513 per 10 grams, down 0.1% or Rs 71, while the silver September futures contracts were trading at Rs 84,426/kg, up 0.1% or Rs 88. Over the past three days, there has been a gain of roughly Rs 1,400/10 gram in gold…
Silver prices saw a small increase of 0.1% to close at 82496 as investors kept a close eye on the Federal Reserve’s monetary policy path after the US Personal Consumption Expenditures (PCE) data was released. The annual rates exceeded projections, even though the monthly key and core inflation rates aligned with expectations. This highlights ongoing…
Silver prices surged 1.25% to 81875, overcoming rising U.S. Treasury yields fueled by positive Nonfarm Payrolls (NFP) statistics and undermining hopes of a Federal Reserve rate decrease in June. The total amount of silver ETF holdings this year has increased by 3% as a result of the significant inflows that investors have made into ETFs…
Due to increased demand for safe-haven assets amid rising geopolitical tensions and worries about inflation threats, silver prices increased by 0.56% Wednesday, closing at 75650. Before the U.S. elections, investors sought solace in silver due to rising prices and inflation, which complicated the Federal Reserve’s ability to manage economic stability through policy actions. Economic data,…
Silver closed yesterday at 73467, a noteworthy increase of 1.65%, demonstrating a good performance. Expectations of a possible June rate cut propelled this upward movement, especially in light of data showing a slowdown in U.S. manufacturing activity and a drop in consumer sentiment in February. The U.S. inflation rate meeting forecasts and the deflationary trends…
On Friday, the price of gold saw a small boost. The cost of 24-carat gold has increased by Rs. 1014.0 to Rs. 6420.6 per gram. The cost of 22-carat gold has increased by Rs. 930.0 to Rs. 5881.3 per gram. 24-carat gold saw a 1.23% gain in price over the previous month, but only a…
Prices for Gold and Silver Today: On Saturday, there was a minor increase in the price of gold. The cost of 22-carat gold has increased by Rs. 729.0 to Rs. 5808.4 per gm, while the price of 24-carat gold has increased by Rs. 795.0 to Rs. 6341.0 per gm. The price of 24-carat gold has…
As the U.S. dollar gained strength due to hopes that the Federal Reserve will maintain high borrowing costs and a robust U.S. economy, silver prices fell by 1.49% to settle at 71669. Silver received some assistance from China’s stimulus policies and a declining currency as a result of encouraging economic news from Europe. Now, everyone…
