The metal has surged more than 200% in the past year, also driven by ongoing challenges in scaling up refining of the metal and a persistent supply shortage in the market
Spot silver is expected to test psychological resistance at $100 amid lingering geopolitical uncertainty and worries. Risk will come from easing geopolitical concerns
In January so far, MCX spot silver has rallied 28 per cent and gold has gained nearly 13.6 per cent, according to data compiled by Bloomberg
Despite the dip seen on Thursday, analysts suggest gold continues to be a reliable long-term portfolio anchor, rather than a short-term trade.
At 10:33 AM, Tata Silver fell 15 per cent, Nippon Silver ETF, Mirae Asset Sharekhan, Aditya Birla Sun Life Silver ETF, and Bandhan Silver ETF slipped around 12 per cent
The price of 22-carat gold increased by ₹10, with ten grams of the yellow metal selling at ₹1,43,560
The price of 22-carat gold increased by ₹10, with ten grams of the yellow metal selling at ₹1,37,310
Hindustan Zinc's CEO says record Q3 profit is structurally sustainable, driven by low costs and rising silver recoveries, while cash will fund growth, not dividends
The price of 22-carat gold increased by ₹10, with ten grams of the yellow metal selling at ₹1,34,060
Silver moving through the $90/oz mark, believes Nigel Green, chief executive officer of deVere Group, a global consulting firm that has $14 billion in AUM, marks a decisive shift in market psycology
Gold and silver scale record highs as Trump's tariff threats over Greenland spur a global flight to safe-haven assets
In the past two months, the market price of Hindustan Zinc has appreciated by 39 per cent.
The tariff threat, tied to a dispute over control of Greenland and broader trade tensions, has rattled markets and reinforced precious metals' appeal as a hedge against economic instability.
The price of 22-carat gold decreased by ₹10, with ten grams of the yellow metal selling at ₹1,31,790
The price of 22-carat gold decreased by ₹10, with ten grams of the yellow metal selling at ₹1,31,440
The price of 22-carat gold decreased by ₹10, with ten grams of the yellow metal selling at ₹1,31,640
The price of 22-carat gold decreased by ₹10, with ten grams of the yellow metal selling at ₹1,31,250
Spot silver was up 5.6 per cent to $91.797 per ounce, after scaling a record high of $92.23
The price of 22-carat gold increased by ₹10, with ten grams of the yellow metal selling at ₹1,30,660
The price of 22-carat gold increased by ₹10, with ten grams of the yellow metal selling at ₹1,30,310