Opt for a silver exchange-traded fund or a fund-of-funds having low expense ratio and tracking error
Iran launched explosive drones and missiles at Israel late on Saturday in retaliation for a suspected Israeli attack on its consulate in Syria on April 1
During economic uncertainties, investors often turn to precious metals like silver to safeguard their wealth
The price of 22-carat gold also rose Rs 10 with the yellow metal selling at Rs 67,210
Gold and silver prices rallied for the fourth straight session and hit fresh peaks on Friday, with the yellow metal gaining sharply by Rs 1,050 to breach Rs 73,000 per 10 grams level amid bullish global trend. According to HDFC Securities, gold price surged Rs 1,050 to hit its lifetime high of Rs 73,350 per 10 grams in Delhi. It had closed at Rs 72,300 per 10 grams in the previous session. Similarly, silver prices zoomed Rs 1,400 to hit a new record of Rs 86,300 per kg. "Spot gold (24 carats) prices in the Delhi markets are trading at a record high of Rs 73,350 per 10 grams, up by Rs 1,050, taking positive cues from overseas markets," Saumil Gandhi, Senior Analyst of Commodities at HDFC Securities, said. Commodity markets were partially closed on Thursday on account of Eid-Ul-Fitr. In the global markets, spot gold at Comex traded at USD 2,388 per ounce, up USD 48 from the previous closing level. Gold reached a new all-time high in the early hours of the European trading day on Fr
Motilal Oswal has cited several factors driving silver prices, including strong demand from the industrial sector (electronics, solar) and its role as a safe-haven asset during economic uncertainties.
It is not an interest-bearing asset and has precious little industrial use
The price of 22-carat gold also fell Rs 10, with the yellow metal selling at Rs 64,140
The price of 22-carat gold declined Rs 10 with the yellow metal selling at Rs 63,610
What is worth observing for the Indian market is that since the last nine years, gold investors have made money each year, while in silver, gains have been consistent only in the last five years
Most base metals, except tin, have ended lower in the last two years
The government on Thursday updated the list of banks authorised to import gold and silver during 2024-25. As per the list, 11 banks, including HDFC Bank and ICICI Bank, have been authorised by the Reserve Bank of India to import gold and silver for 2024-25 with effect from April 1. The authorisation will be valid up to March 31 next year. "List of banks authorised to import gold/silver...has been updated," the Directorate General of Foreign Trade (DGFT) said in a public notice. Three banks -- Indian Overseas Bank, Punjab National Bank, and Union Bank of India -- have authorised by the RBI to import only gold for 2024-25 with effect from April 1 this year. Gold imports rose 38.76 per cent to USD 44 billion during April-February this fiscal. However, silver imports dipped 11.53 per cent to USD 4.62 billion during the period.
In Mumbai, the price of ten grams of 22-carat gold is at par with that in Kolkata and Hyderabad, at Rs 61,140
The price of one kilogram of silver in Delhi, Mumbai, and Kolkata stood at Rs 77,900
The price of 22-carat gold also declined Rs 10 with the yellow metal selling at Rs 61,240
The price of 22-carat gold also rose Rs 10 with the yellow metal selling at Rs 61,810
The price of 22-carat gold also declined Rs 10 with the yellow metal selling at Rs 60,790
The price of 22-carat gold also rose Rs 10 with the yellow metal selling at Rs 60,810
The price of 22-carat gold also declined Rs 10 with the precious metal selling at Rs 60,590
The price of 22-carat gold also inched up Rs 10 with the precious metal selling at Rs 60,610