Silver

India has permitted imports of around 6,500 metric tons of silver over six months despite weak domestic demand, a move expected to ease local premiums while supporting global prices.

In the global market, gold futures on Comex were trading near $4,110 per ounce, while silver was trading near $56.50 per ounce

Foreign investors, Faber said, will reduce their exposure to markets around the world. "That is one reason I am reasonably positive about the US dollar," he added.

Praveen Singh of Mirae Asset Sharekhan said that silver has fallen quite sharply in the last few weeks. The white metal looks weaker than gold, as ETF flows are not inspiring.

Comex gold futures rose to $4,168.10 per ounce, while silver edged up to $56.10, with gold still below its year-to-date peak of $5,586.20

In near-term, silver is likely to range trade between $58 and $61. Interim resistance is at $60. Major hurdle is at $64.50.

Comex gold futures were trading $16.50 higher at $4,157.20 an ounce, while silver futures rose $0.08 to $60.37 after opening at $60.19

In the global market, gold futures on Comex were trading near $4,200 per ounce, while silver was trading near $61.40 per ounce

Gold edged lower in early trade on Comex after opening at $4,448 per ounce, with the precious metal last trading at $4,458.90, down $1.80 from the previous close

Mirae Asset Sharekhan said dovish Fed commentary has eased downside pressure on silver, but high China inventories, subdued LBMA lease rates and weak ETF flows remain concerns.

The US merchandise-trade deficit widened in July from $101.40 billion to $118.80 billion, the largest since early last year, as imports surged.

On the Multi Commodity Exchange (MCX), gold futures were trading near ₹1,58,300 per 10 gram at the time of writing, while silver futures were around ₹2,40,300 per kg

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Several traders and banks have recently secured licenses allowing them to bring more silver into the country, though with some unusual import requirements

Gold remains the preferred anchor because of its defensive characteristics, central-bank demand and diversification benefits. Silver provides additional growth potential.

Silver price outlook: Praveen Singh of Mirae Asset ShareKhan said that spot silver is expected to consolidate its gains after rising a whopping 12 per cent last week.

In the global market, gold was trading near $4,465 per ounce on Comex, while silver was around $65.60 per ounce

Move will extend Vault Managers Regulations beyond EGRs to ETFs, derivatives

The Bureau of Indian Standards (BIS) is preparing to scale up testing of silver jewellery as demand shifts from gold amid a spike in prices, a senior BIS official said, adding that referral and assay laboratories for silver will expand nationally within two years. Silver hallmarking has been voluntary since 2005, and from September 2025 onwards, hallmarked silver articles carry a Hallmark Unique Identification (HUID) number, enabling buyers to verify purity. "Last year, we introduced HUID for silver jewellery as well, and demand is increasing. We have taken stock of the requirements and are ready to take up silver jewellery testing in a big way in our laboratories," BIS Deputy Director General (Laboratories) Nishat S Haque told PTI. "We will be able to handle the requirement within our own labs for roughly the next two years. Within that period, we will be expanding referral and assay laboratories across the country," she said. The number of silver jewellery articles hallmarked ros

In the very short-term, silver can test the resistance around $61, with interim resistance at $59.45. Support is seen at $576.75/$54, while resistance is at $61.