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
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.
Experts advise investors to avoid aggressive buying and accumulate gold and silver gradually on dips as Fed policy uncertainty keeps precious metal prices volatile
Gold futures edge higher on short covering even as a firmer dollar and elevated US Treasury yields cap gains, while silver trades lower
In the global market, gold opened with marginal gains. However, prices later declined before recovering again. Silver had a subdued start in the global market, but later prices rebounded sharply
Hawkish Fed commentary and escalation in the US-Iran conflict will keep silver under pressure in the short term. The white metal is quite oversold but can extend its decline to test key support at $54
Silver is expected to be highly volatile and choppy in the short run due to the evolving situation in West Asia. However, as West Asia conflict is likely to remain contained, traders may buy the dips.
Gold prices slipped Rs 150 to Rs 1,50,650 per 10 grams in the national capital on Monday, and silver dropped Rs 5,000, as a sluggish global trend and a firm US dollar prompted traders to trim positions in precious metals. The precious metal of 99.9 per cent purity had closed at Rs 1,50,800 per 10 grams in the preceding session. Silver snapped its four-day rally, declining Rs 5,000 to Rs 2,40,000 per kilogram (inclusive of all taxes) from Friday's closing level of Rs 2,45,000 per kg, according to local dealers. Traders said the market remained range-bound as investors balanced lingering geopolitical risks in West Asia against a stronger greenback and expectations surrounding the US Federal Reserve's monetary policy. "Gold prices experienced a slight decline in the domestic markets on Monday, as investors navigated the complex landscape of Washington-Tehran relations while awaiting key inflation data from the US," said Gaurav Garg, Research Analyst at Lemonn Markets Desk. In the ...
Silver prices rebounded on Warsh's remarks in the ECB panel discussion on July 1, and a weaker-than-expected nonfarm US payroll report for June.
For the second-half of 2026, upside for Gold and Silver seems to be capped around $4,400 and $90, says Anindya Banerjee, Head of Commodity and Currency Research, Kotak Securities:
In the international market, too, gold and silver futures were trading with losses
Gold and silver futures opened lower on MCX and Comex, extending volatility in bullion after prices had earlier retreated from sharp record highs this year