Silver News
Why consider silver ETFs to brighten your investment portfolio?
Silver’s cultural significance in India extends to industrial uses in automotive, telecommunications, and renewable energy sectors. Silver ETFs provide a convenient investment avenue to capitalize on its potential.
3 min read26 Jul 2024Gold rate today: Yellow metal falls by over ₹1,100 to below ₹68,000; silver price drops over 4%. Should you buy?
Gold rate on MCX has dropped more than 7% or by ₹5,000 in July so far. On the technical front, gold has a major support at ₹65,800 level.;
2 min read25 Jul 2024Gold rate today: Yellow metal may test ₹69,600 in near term as trend remains bullish
Gold rates saw a sharp fall in the previous session after Finance Minister Nirmala Sitharaman, in the Union Budget 2024, announced a cut in custom duty on gold and silver to 6%.
2 min read24 Jul 2024Gold gains ground as investors eye US data for Fed clues
GLOBAL-PRECIOUS/ (UPDATE 8, GRAPHIC):PRECIOUS-Gold gains ground as investors eye US data for Fed clues
1 min read23 Jul 2024Motilal Oswal expects silver to touch ₹1,25,000 in 12-15 months; recommends ’buy on dips’ strategy
MOFSL raises silver’s target price to ₹1,25,000, suggests ’buying on dips’. Silver showed remarkable performance with 30% YTD gains. Expected supply deficits and robust industrial demand point towards a bullish outlook.
4 min read15 Jul 2024Silver prices hit 3-week high on optimism over Fed rate cut, up 6% in July
Silver prices hit 3-week high on the MCX today, driven by soft US economic data hinting at Federal Reserve rate cuts. Markets expect a rate cut in September. Inflation easing, job market slump, and cooling economy support the case for a rate cut.
2 min read5 Jul 2024Silver plunges to six-week low, down 10% from recent peak; what’s dragging the prices?
Silver prices hit a six-week low on MCX due to a stronger U.S. dollar and Fed officials’ hawkish comments on rate cuts. Investors await economic data for clues on potential rate cuts, with a 67.7% chance of a cut in September, according to CME Group’s Fed Watch tool.
2 min read26 Jun 2024Gold slides as US dollar, yields rise; palladium hits one-month peak
GLOBAL-PRECIOUS/ (UPDATE 8):PRECIOUS-Gold slides as US dollar, yields rise; palladium hits one-month peak
1 min read21 Jun 2024Why should you consider silver ETFs over other options? 3 experts weigh in
Silver ETFs have gained 19.7% in 2024 so far, outperforming other asset classes. The newest silver ETFs have quickly attracted ₹5400 crore in assets. Silver prices are rising due to geopolitical uncertainties and high inflation.
3 min read20 Jun 2024Silver prices slip another 2%, down 11% in 9 sessions; what’s behind the fall?
Silver prices have dropped 10.53% in the last nine sessions, currently trading at $29.2 per ounce on Comex. Recent data showed that China’s central bank paused its purchases of precious metals, including gold and silver, in May.
3 min read11 Jun 2024Popular Topics
Budget
The Union Budget contains details about the estimated receipts and the expenditure of the government for a particular fiscal year. The Budget is allotted for the upcoming fiscal year, which runs from 1st April to 31st March of the next year. Here is a quick guide on how the Union Budget is prepared