Category: Silver Price News

Key Takeaways: On 7th June 2024, silver prices in India experienced notable fluctuations, with Delhi prices at ₹100500 for 1kg. The silver rate on the MCX for June delivery also saw an increase, highlighting ongoing market volatility and economic uncertainties. Daily Silver Rates in Key Indian Cities: City 10 grams 1 Kg Delhi ₹ 960…

**Key Takeaways:** – Gold prices are experiencing a downward trend due to a stronger-than-expected US jobs report and a pause in Chinese buying. – Spot gold and US gold futures have seen significant declines, along with other precious metals. – Analysts suggest that higher US interest rates are contributing to the bearish sentiment surrounding gold…

Key Takeaways: Gold prices fell by Rs 1,200 per 10 gram reacting to a sudden halt in gold buying by the Chinese central bank. Record high spot gold prices led People’s Bank of China (PBOC) to stop gold purchases to its reserves in May. Gold futures on MCX and Comex saw a decline, while silver…

Key Takeaways: Silver price drops below $30.00 as US yields soar after upbeat US NFP report for May. Job and wage growth beat estimates, prompting a need for a restrictive interest rate framework. Pause in PBoC’s gold-buying also contributed to the drop in the Silver price. Silver price (XAG/USD) plummeted below the psychological support of…

Key Takeaways: The price of silver opened at $29.85 per ounce, a 1.06% decrease from the previous day. Silver Price Update: As of 9 a.m. ET, the price of silver opened at $29.85 per ounce, which is down 1.06% from the previous day’s price per ounce. Price Comparison: | Date | Price per Ounce |…

Key Takeaways: Gold prices on the MCX and in the international market are showing stability, hovering around Rs 73,237 per 10 grams and $2,338.70 per ounce respectively. Silver prices are also stable, with rates at Rs 93,628 per kg on the MCX and $30.51 per ounce in the international market. Experts predict that gold and…

Key Takeaways: Silver prices fell sharply to $30.50 on Friday due to caution among investors ahead of the US Nonfarm Payrolls report and unchanged China’s Gold reserves data. The US NFP report for May will influence the Fed’s interest rate outlook, with estimates showing an increase in payrolls and wage inflation. Speculation of Fed rate…

Key Takeaways: Gold and silver prices are trading higher in domestic and international markets. Rising bets on the US central bank cutting rates sooner have led to a decline in the dollar index and treasury yields. Interest rate expectations are falling globally, supporting gold and silver prices. Technical indicators suggest bullish momentum for gold, with…

Key Takeaways: Gold and silver prices rose on the MCX for the second consecutive day on June 7, 2024. Gold futures for August 5, 2024, increased by Rs 341 per 10 grams, while silver futures for July 5, 2024, witnessed a hike of Rs 559 per kg. Prices of gold and silver in major Indian…

Key Takeaways: Both Gold and Silver prices increased on the Multi Commodity Index on Friday. The average price of 10 gram of 22K Gold stood at ₹67,600, while 24K gold prices stood at ₹73,750. The rate of 10 grams of 24K gold in Chennai stood at ₹74,620, followed by Delhi and Jaipur where the gold…