Gold and silver prices commenced the day on a positive note on the MCX on Friday, buoyed by a decline in oil prices over the week. Investors are keenly anticipating the U.S. nonfarm payrolls report for new insights regarding the trajectory of the Federal Reserve’s interest rate policy. In the domestic market, silver futures for Read More
Gold prices experienced a significant increase, closing 2.91% higher at Rs 148,493, bolstered by a reduction in geopolitical tensions in the Middle East and rising anticipations that the U.S. Federal Reserve might postpone additional monetary tightening. A sharp decline in crude oil prices has alleviated inflation concerns. Concurrently, reports indicating that Iran is contemplating European Read More
Silver prices in India remained stable on Monday morning, as the metal continued to trade within a narrow range that has been maintained since the latter part of last week. The national rate for silver was Rs 2,350 per 10 grams on Monday, which equates to Rs 235 per gram and Rs 2,35,000 per kilogram. Read More
Crude Oil prices increased by 2.30%, closing at Rs 6,728, as renewed military exchanges between the US and Iran underscored the tenuous nature of their interim peace agreement, thereby maintaining a heightened geopolitical risk premium. However, gains were capped after both countries agreed to resume negotiations over the Strait of Hormuz, raising hopes of preserving Read More
