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Gold, silver remain volatile hitting price ratio at lifetime high of 121

The gold to silver price ratio was trading above 121, a lifetime high, indicating extreme weakness in silver

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On Tuesday night, some large investment banks downgraded the oil price outlook.

2 min read Last Updated : Mar 19 2020 | 12:49 AM IST

Gold, silver, and base metals traded lower on the Multi Commodity Exchange (MCX) on Wednesday. Market sentiment took another hit after the US treasury secretary said the current economic crisis was worse than that of 2008.

Gold and silver remained volatile, with a downward bias. The gold to silver price ratio was trading above 121, a lifetime high, indicating extreme weakness in silver. In the past 10 days, gold has fallen eight per cent and the price of silver by 25 per cent.

At the spot market here, though, standard gold rose 1.6 per cent to close at Rs 40,375

Topics : Gold Prices Silver Prices Precious metals

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