The firm's latest research highlights that the supply-demand gap in silver currently stands at nearly 20%, and the deficit is likely to persist in the foreseeable future.
The price of 22-carat gold fell by ₹10, with ten grams of the yellow metal selling at ₹1,14,640
The price of 22-carat gold stumbled ₹10, with ten grams of the yellow metal selling at ₹1,13,390
The price of 22-carat gold rose by ₹10, with ten grams of the yellow metal selling at ₹1,13,810
Silver, spurred by momentum in the gold market, strong investment demand and an ongoing supply deficit, breached the psychological barrier of $50 per ounce for the first time
Spot silver hit an all-time high at $49.57 per ounce. Both a precious and industrial metal, silver has gained 70 per cent so far this year, heading for its biggest annual growth since 2010
Silver climbed to a record high on Wednesday, latching on to gold's record streak as investors flocked to the metal
The price of 22-carat gold rose by ₹10, with ten grams of the yellow metal selling at ₹1,11,860
Gold prices are likely to remain volatile in the coming week, as investors track developments around the US government funding bill, labour market data and Federal Reserve commentary, analysts said. The release of the Federal Open Market Committee meeting minutes on Thursday is also likely to influence bullion market sentiment, they added. "The week ahead is relatively light on data, but volatility is expected to remain high with frequency to profit-booking likely to increase, followed by renewed buying as well. In the week ahead the focus will remain on voting for the US government funding bill, while on the data front it will be the labour market data, if released. "Federal Reserve official commentary will be closely watched with Fed Chair Jerome Powell's speech on Thursday," said Pranav Mer, Vice President, EBG - Commodity & Currency Research at JM Financial Services Ltd. Mer said gold prices added another 3.5-4 per cent to its recent gains last week, buoyed by a weaker US ...
The price of 22-carat gold also decreased by ₹10, with ten grams of the yellow metal selling at ₹1,08,640
Tata Mutual Fund's outlook suggests silver may outperform gold over the medium term (3-5 years).
The price of 22-carat gold also increased by ₹10, with ten grams of the yellow metal selling at ₹1,09,310
Higher imports by India, the world's second-biggest consumer of the precious metal, are set to support gold prices that hit records this week, even as demand languishes in top buyer China
Silver prices on Monday soared by Rs 7,000 to hit an all-time high of Rs 1.5 lakh per kilogram in the national capital, while gold also scaled a new peak of Rs 1,19,500 per 10 grams amid strong global trends, according to the All India Sarafa Association. The precious metal of 99.9 per cent purity jumped Rs 1,500 to reach a lifetime high of Rs 1,19,500 per 10 grams (inclusive of all taxes), up from Rs 1,18,000 per 10 grams in the previous session. In the local bullion market, gold of 99.5 per cent purity also rallied by Rs 1,500 to hit a record high of Rs 1,18,900 per 10 grams from Rs 1,17,400 per 10 grams on Saturday. Silver prices, too, witnessed a sharp rally, climbing Rs 7,000 to touch a record Rs 1,50,000 per kilogram (inclusive of all taxes), extending gains for the fourth straight session. The white metal had ended at Rs 1,43,000 per kg in the previous trade. In the overseas market, both gold and silver posted robust gains. Spot gold surged nearly 2 per cent to hit an all-ti
The price of 22-carat gold declined by ₹10, with ten grams of the yellow metal selling at ₹1,05,310
Huge surge in silver ETF inflows is the major driver of this stunning ongoing silver rally as Fed rate cut expectations boost investors' sentiments
The price of 22-carat gold increased by ₹10, with ten grams of the yellow metal selling at ₹1,03,660
The price of 22-carat gold increased by ₹10, with ten grams of the yellow metal selling at ₹1,02,060
Spot silver closed with a loss of over 2 per cent at $41.67 MOz on September 17 as the US Dollar Index and bond yields spiked higher on the Fed Chair Powell's comments in his post FOMC presser
Higher imports by the world's biggest silver consumer could give further support to global prices that are close to their highest level in 14 years