Category: Silver Price News

Key Takeaways: Both gold and silver prices dipped on the Multi Commodity Exchange (MCX) on June 13, 2024. Gold futures for August 5, 2024, were at Rs 71,420 per 10 grams, while silver futures for July 5, 2024, were at Rs 88,434 per kg on the MCX. Gold and silver prices in major cities like…

Key Takeaways: Gold prices saw a slight increase on Sunday, with the cost of 24 carat gold at Rs.7416.6 per gm and 22 carat gold at Rs.6793.6 per gm. The price change in 24 carat gold in the last week was 0.17% and in the last month, it was 3.11%. The cost of silver is…

Key Takeaways: Gold and Silver prices climbed on the Multi Commodity Index on Thursday. The average price of 10 grams of 22K Gold was ₹66,150, and for 24K Gold, it was ₹72,160. The rate of 10 grams of 24K Gold in Chennai was ₹72,660, with Delhi and Jaipur following closely at ₹72,310 each. The average…

Key Takeaways The Federal Reserve maintains the federal funds rate target range at 5.25%-5.50%. Fed Chair Jerome Powell’s hawkish policy statement strengthens the US dollar. Silver market faces uncertainty as rate cut timing remains unclear. Upcoming economic data releases and Fed guidance are crucial for silver’s direction. Choppy trading expected for silver in the near…

Key Takeaways Silver (XAG/USD) is currently trading at $29.16, with a 0.30% increase. Pivot point is at $29.08, indicating a crucial level for upcoming movements. Immediate resistance levels are set at $29.81, $30.14, and $30.62. Support levels are identified at $28.75, $28.37, and $27.99. 50-day EMA is at $29.93, while the 200-day EMA is at…

Key Takeaways: 1kg of silver was priced at ₹ 90700 in Delhi on Thursday, showing a subtle decline. MCX silver contracts for June delivery traded lower at ₹ 90,700 per 10 grams. The COMEX silver price experienced a significant decrease, indicating market volatility and potential instability. Silver rates fluctuate daily due to various factors such…

Key Takeaways: Silver prices (XAG/USD) fell on Thursday to $29.33 per troy ounce. Prices have increased by 15.16% since the beginning of the year. The Gold/Silver ratio stood at 78.97 on Thursday. Investors use the ratio to determine the relative valuation of Gold and Silver. Silver Price Data Unit measure Today Price Silver price per…

Key Takeaways: Silver price struggling to stay above $29 mark due to Fed’s indication of only one rate cut. ChatGPT-4o predicts silver could hit $50 in 1-2 years due to supply constraints and rising demand. Silver currently priced at $29.38 per ounce, with projections of reaching $134.65 per ounce by 2028. Silver Price Prediction Despite…

Key Takeaways: Silver prices declined after a hawkish pause by the US Federal Reserve US inflation data was softer than expected, leading to a cautious approach by the Fed Market sentiments affected by geopolitical concerns in the European Union Silver ETF and COMEX inventory on the rise Data and Event Roundup: The US CPI data…

Key Takeaways: Today, the gold price in India is down by Rs 10 for both 24 carat and 22 carat varieties. The price of silver has also decreased by Rs 100. It is important for investors to have a gold component in their investment portfolio for diversification and stability during economic downturns. Gold Price Today…