State government officials insisted that market opening should take into account Mathadi labourers troubles
Operations suspended till further notice from Monday; horticultural market has already shut down indefinitely starting today
All the five exchanges, including the MCX, NCDEX, and the ICEX, have capped trading timings to 5 pm. The MCX reports maximum trading in the evening session
This follows the submission by brokers to the regulator requesting such measures following lockdown. Many brokers finding it difficult to call even bare minimum staff required in office
This is a boon for investors holding gold exchange-traded funds and sovereign gold bonds
Even silver micro futures with a lot size of 1 kg on the MCX, is quoting at a premium, indicating that market doesn't have enough floating stock of the white metal
Analyst reports suggest that margins are likely to contract from the first quarter
On Friday, most shops were shut and the narrow streets empty.
The gold to silver price ratio was trading above 121, a lifetime high, indicating extreme weakness in silver
Silver spot delivery at a huge premium: gold:silver ratio at a high of 121, indicating extreme weakness in silver
Retail buyers stay away despite price fall; Silver sheds 5%
Doom sentiment in financial markets has hit crypto currencies. Bitcoin fell $1,000 in 15 minutes to trade at $6,000 level
This ratio suggests how many ounces of silver can be bought with one ounce of gold
But the market is subdued with consumers making ony need-based purchases, such as for marriages
This has given a major relief to exchanges dealing in these crypto currencies
In Mumbai's physical market on Wednesday, gold prices had risen after the US Federal Reserve announced one of its steepest cuts of 0.5 per cent in interest rate
Funds rush to hedge in safe haven
Experts see the real recovery may prove evasive if virus continues to spread
The industry's closing stock as at the end of September seen at 10 million tonnes
The gems & jewellery industry has estimated an additional loss of 5 per cent in its exports in the immediate term