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HYDERABAD: Gold and silver surged past their previous peaks to set new highs in the international and domestic markets on Monday. On MCX, Feb gold futures leapt over Rs 1,700 to an all-time high of Rs 1,36,646 per 10gm, mirroring spot prices on Comex that pierced $4,400/oz for the first time. MCX March silver futures…
Silver delivered a glittering rally on Monday, scaling a life time high, lifted by strong demand for the precious metal and global rally. Silver futures touched record high of Rs 2,14,534 per kilogram on the Multi-Commodity Exchange (MCX) in what is being seen as one of its strongest annual performances in recent years. Spot silver…
Gold prices on Monday hit record high on expectations of more interest rate cuts by the US Fed and the yellow metal’s status as the steady safe-haven amid weak dollar.Spot gold surged to $4,383.73 after fresh US economic data signalled continued weakness in the labour market, while easing inflation strengthened expectations of further monetary easing…
Silver prices on Wednesday breached the Rs 2 lakh-per-kilogram mark in the national capital for the first time, driven by strong demand in domestic and overseas markets, according to the All India Sarafa Association, PTI reported.The white metal surged Rs 7,300 to hit an all-time high of Rs 2,05,800 per kg, compared with the previous…
Silver prices jumped to a fresh lifetime high in futures trade on Wednesday, tracking a strong global rally driven by tight supply conditions and expectations of US interest rate cuts next year.On the Multi Commodity Exchange (MCX), silver futures for March contract surged by Rs 8,356, or 4.2%, to hit a record ofRs 2,06,111 per…
Gold and silver prices moved in opposite directions on the Multi Commodity Exchange (MCX) on Wednesday, with silver scaling fresh record highs while gold edged lower after an early uptick.Gold futures traded lower after opening on a positive note. The February delivery contract fell by Rs 359, or 0.27%, to Rs 1,34,050 per 10 grams,…
Gold prices declined in futures trade on Tuesday as traders booked profits and turned cautious ahead of the outcome of the US non-farm payrolls report, which is expected to offer fresh cues on the US Federal Reserve’s interest rate path. On the Multi Commodity Exchange (MCX), gold futures for February delivery slipped by Rs 341,…
Gold prices surged to fresh highs on Thursday, after the US Federal Reserve delivered its third consecutive interest rate cut, lifting global precious metal markets even as uncertainty lingered over the pace of easing next year. With domestic prices touching new records, Indian buyers are increasingly shifting toward cheaper jewellery options.Gold has jumped sharply from…
Gold prices surged to fresh highs on Thursday, after the US Federal Reserve delivered its third consecutive interest rate cut, lifting global precious metal markets even as uncertainty lingered over the pace of easing next year. With domestic prices touching new records, Indian buyers are increasingly shifting toward cheaper jewellery options.Gold has jumped sharply from…
Silver soars to a record high, Indians rush to cash in!The India Bullion & Jewellers Association (IBJA) estimates that about 100 tonnes of old silver were sold in just one week, a volume that typically takes several months to surface. Under normal circumstances, the domestic market receives only 10–15 tonnes of old silver in an…
