Silver up 2.6% to cross Rs 50,000 a kg as safe-haven demand rises
In the previous trade, gold had closed at Rs 48,785 per 10 gram
The US non-farm payroll data later in the day could either make gold break the $1,800 level and start fresh momentum on the upside or make the intermediate top
International futures hit $1,800, head towards all-time high
In the April-June quarter, the ADTV value of futures contracts in silver was at Rs 5,850.62 crore, the highest since the introduction of the commodities transactions tax
Take into account the fundamental factors driving demand before deciding to shift from gold to silver
Silver has made harami candlestick formation on daily charts
The price of 22-carat gold is about Rs 45,300 in New Delhi per 10 gram while in Chennai, the price is at Rs 44,560. In Mumbai, it is Rs 45,100
Gold price today: The price of 22-carat gold is about Rs 45,600 in New Delhi per 10 gram while in Chennai, the price is at Rs 44,310
The outperformance in Silver is because it could benefit from optimism about increased industrial demand as economies reopen following the COVID-19 pandemic
Gold is trading in 'buy on dips' environment
Zero making charges may not work any more; store sales to be impacted as consumers buy online
Silver on the hourly chart is trading in a symmetrical triangle pattern with a breakout above 43,300 and breakdown below 42,200
The Rupee is finding resistance around 77.06 and upside momentum will continue above that level
Until there is clarity about the type and extent of economic recovery, cryptos will also do well
Appreciating rupee restricts jump, global monetary easing to support gold further
News of factories and showrooms in China reopening after several weeks of lockdown boosts sentiment
Silver traded at its lowest in international markets since May 2009 and crude oil, metals did their worse since 2016.
Equity class has seen a massive sell-off and investors are looking for assets to sell not bothering to see which asset to sell but finding which assets they can sell.
Brokers facing margin calls, started selling all commodities to pay for losses