Silver price outlook: On July 3, spot silver traded between $36.34 and $37.07. At the time of writing, the gray metal was trading at 36.85, up around 0.82 per cent on the day
The price of 22-carat gold also increased by ₹10, with ten grams of the yellow metal selling at ₹91,060
The price of 22-carat gold also increased by ₹10, with ten grams of the yellow metal selling at ₹90,660
The World Bank expects silver demand to remain robust, supported by the grey metal's dual role as both an industrial input and a safe-haven asset
The price of 22-carat gold also increased by ₹10, with ten grams of the yellow metal selling at ₹90,200
The price of 22-carat gold also stumbled ₹10, with ten grams of the yellow metal selling at ₹89,290
The price of 22-carat gold also stumbled ₹10, with ten grams of the yellow metal selling at ₹89,840
Silver price outlook: The white metal at $36.69 was up around 1.1 per cent on the day as the US Dollar Index slumped for the fifth straight day amid healthy risk appetite
The price of ten grams of 24-carat gold in Mumbai, Kolkata, and Chennai stood at ₹1,00,680
The price of 22-carat gold also stumbled ₹10, with ten grams of the yellow metal selling at ₹92,340
The price of 22-carat gold also climbed ₹10, with ten grams of the yellow metal selling at ₹92,350
The price of 22-carat gold also climbed ₹10, with ten grams of the yellow metal selling at ₹92,660
The government has imposed import curbs on certain colloidal precious metals, with an aim to check the illegal inflow of gold into India in liquid form. Colloidal precious metals are suspensions of gold or silver nanoparticles dispersed in a liquid. According to industry experts, some importers were using this route for imports from countries like Thailand. "The import policy of items covered under CTH 2843 is revised from free to restricted with immediate effect," the directorate general of foreign trade said in a notification. Goods under this number include colloidal precious metals; inorganic or organic compounds of precious metals. In a separate notification, the Directorate said that the import of Palladium, Rhodium and Iridium alloy consisting of gold more than one per cent by weight is restricted. Gold imports in April-May this fiscal year dipped by 3.82 per cent to USD 5.64 billion.
The price of 22-carat gold also fell ₹10, with ten grams of the yellow metal selling at ₹92,510
The price of 22-carat gold also fell ₹10, with ten grams of the yellow metal selling at ₹93,040
The price of 22-carat gold also fell ₹10, with ten grams of the yellow metal selling at ₹93,190
The price of 22-carat gold also fell ₹10, with ten grams of the yellow metal selling at ₹91,010
Traders use the ratio of the price of gold to silver as a thumb-rule to judge relative valuations of the two precious metals
The price of 22-carat gold also fell ₹10, with ten grams of the yellow metal selling at ₹90,210
With silver outperforming gold and industrial demand rising, silver ETFs have drawn higher inflows than gold ETFs for three consecutive months, Amfi data shows