"Spot gold of 24 karat in Delhi was trading up by Rs 75 with rupee depreciation," HDFC Securities Senior Analyst (Commodities) Tapan Patel said.
Commodities Outlook & Stock recommendation by Bhavik Patel - Sr. Technical Analyst
Commodities Outlook & Stock recommendation by Bhavik Patel - Sr. Technical Analyst
In the past, and even to some extent today, silver jewellery used to be an accurate indicator of a family's creditworthiness
Commodity outlook and trading ideas by Bhavik Patel - Sr. Technical Analyst (Commodities), Tradebulls.
Commodity outlook and trading ideas by Bhavik Patel - Sr. Technical Analyst (Commodities), Tradebulls.
Rupee opened on a flat note and appreciated by 3 paise to 71.32 against the dollar in early trade on Thursday
The drawback rates have been raised to Rs 372.9 per gram for gold jewellery from Rs 272 per gram, according to a notification of the finance ministry
Gold prices have been surging for the last few days and had hit Rs 36,970 mark on Monday
In India, silver has been a preferred asset for traders and stockists
The markets came off by 10% between June and September
In global markets, both precious metals continued downward spiral
Demand is drying up at these price levels as consumers wait for correction before they buy
After consolidating for a few days, gold and silver prices spiked yesterday on fears that inverse short- and long-term bond yields in the United States will lead to recession
Both are rising steadily, but the yellow metal is the preferred choice due to less volatility
The metal was a laggard for some time but it seems to have bounced back, with short positions in international exchanges getting covered
Globally, gold and silver were trading a shade higher at $1,517.30 and $16.96 an ounce
2019 has been one of the best years for gold investors as the metal has delivered returns of 12.5 per cent so far
Experts say silver may give healthy returns in the near term
Expectations of a weak dollar and support from gold will help silver prices recover, say experts