In the futures market, silver for December delivery touched an intraday high of Rs 67,240 and a low of Rs 66,426 per kg on the Multi-Commodity Exchange (MCX). So far in the current series, the precious metal has touched a low of Rs 49,415 and a high of Rs 79,723. … [Read more...] about Silver futures gain 0.26% to Rs 67,100 per kg in afternoon trade
Gold and silver trading
Silver prices were steady at Rs 68,258 per kg on September 8 as participants increased their long positions as seen by the open interest. The precious metal traded in a narrow range as US dollar strengthened against major currencies and subdued global cues as the US markets were shuts yesterday on account of Labour Day holiday. … [Read more...] about Silver futures remain steady at Rs 68,258 per kg on weak global cues
Silver delivery for December contract slipped Rs 580, or 0.85 percent to Rs 67,914 per kg at 14:28 hours with a business turnover of 15,826 lots. The same for the March contract fell by Rs 650, or 0.92 percent, to Rs 70,052 per kg with a turnover of 178 lots. … [Read more...] about Silver futures down 0.85% to Rs 67,914 per kg on weak demand
The demand for gold is sustained by diverse factors such as consumption in the form of jewellery, use of gold by various central banks as their reserve assets and as a hedging instrument against market, inflation and currency risks. These diverse sets of factors sustain the demand for gold in all economic conditions, and thereby help it play the role of a safe haven asset. … [Read more...] about What’s the best way to invest in gold now?
Oil prices fell further on Friday. Brent was down 21 cents, or 0.5%, at $39.85 a barrel by 1016 GMT while US crude dropped 11 cents, or 0.3%, to $37.19 a barrel, having fallen 2% in the previous session. Both benchmarks were 6% down for the week, as per a Reuters report. … [Read more...] about Gold, oil, rupee, petrol and diesel on September 11, 2020 – Here’s what went up and what went down