E-PaperSilver News
Gold rate today: Yellow metal falls by over ₹1,100 to below ₹68,000; silver price drops over 4%. Should you buy?
Gold rate on MCX has dropped more than 7% or by ₹5,000 in July so far. On the technical front, gold has a major support at ₹65,800 level.;
2 min read10:27 AM ISTGold rate today: Yellow metal may test ₹69,600 in near term as trend remains bullish
Gold rates saw a sharp fall in the previous session after Finance Minister Nirmala Sitharaman, in the Union Budget 2024, announced a cut in custom duty on gold and silver to 6%.
2 min read24 Jul 2024Gold gains ground as investors eye US data for Fed clues
GLOBAL-PRECIOUS/ (UPDATE 8, GRAPHIC):PRECIOUS-Gold gains ground as investors eye US data for Fed clues
1 min read23 Jul 2024Motilal Oswal expects silver to touch ₹1,25,000 in 12-15 months; recommends ’buy on dips’ strategy
MOFSL raises silver’s target price to ₹1,25,000, suggests ’buying on dips’. Silver showed remarkable performance with 30% YTD gains. Expected supply deficits and robust industrial demand point towards a bullish outlook.
4 min read15 Jul 2024Silver prices hit 3-week high on optimism over Fed rate cut, up 6% in July
Silver prices hit 3-week high on the MCX today, driven by soft US economic data hinting at Federal Reserve rate cuts. Markets expect a rate cut in September. Inflation easing, job market slump, and cooling economy support the case for a rate cut.
2 min read5 Jul 2024Silver plunges to six-week low, down 10% from recent peak; what’s dragging the prices?
Silver prices hit a six-week low on MCX due to a stronger U.S. dollar and Fed officials’ hawkish comments on rate cuts. Investors await economic data for clues on potential rate cuts, with a 67.7% chance of a cut in September, according to CME Group’s Fed Watch tool.
2 min read26 Jun 2024Gold slides as US dollar, yields rise; palladium hits one-month peak
GLOBAL-PRECIOUS/ (UPDATE 8):PRECIOUS-Gold slides as US dollar, yields rise; palladium hits one-month peak
1 min read21 Jun 2024Why should you consider silver ETFs over other options? 3 experts weigh in
Silver ETFs have gained 19.7% in 2024 so far, outperforming other asset classes. The newest silver ETFs have quickly attracted ₹5400 crore in assets. Silver prices are rising due to geopolitical uncertainties and high inflation.
3 min read20 Jun 2024Silver prices slip another 2%, down 11% in 9 sessions; what’s behind the fall?
Silver prices have dropped 10.53% in the last nine sessions, currently trading at $29.2 per ounce on Comex. Recent data showed that China’s central bank paused its purchases of precious metals, including gold and silver, in May.
3 min read11 Jun 2024Hindustan Zinc to maximize silver production at the expense of zinc amid record rally
The company will be able to increase silver production by about 10 tonnes per month from June, Arun Misra, the chief executive of Hindustan Zinc, told Mint. The company has retained its guidance of 750-775 tonnes of silver production in 2024-25.
3 min read1 Jun 2024Popular Topics
Budget
The Union Budget contains details about the estimated receipts and the expenditure of the government for a particular fiscal year. The Budget is allotted for the upcoming fiscal year, which runs from 1st April to 31st March of the next year. Here is a quick guide on how the Union Budget is prepared