25-09-2024 04:44 PM | Source: LKP securities Ltd
Quote on Silver by Jateen Trivedi, VP Research Analyst - Commodity and Currency, LKP Securities
Follow us Now on Telegram ! Get daily 10 - 12 important updates on Business, Finance and Investment. Join our Telegram Channel
Below the Quote on Silver By Jateen Trivedi, VP Research Analyst - Commodity and Currency, LKP Securities
"Silver prices surged past Rs.90,000 in the physical market, reaching Rs.90,324, as per IBJA rates, with Comex Silver surpassing $32, following a sharp rally of 4.25%. In MCX, Silver prices rose by 3.45% yesterday, taking prices above Rs.92,000. This bullish movement comes amid strong expectations for further U.S. interest rate cuts and China unveiling aggressive stimulus measures. China's central bank announced its most substantial stimulus since the pandemic, while Fed's Desk hinted at many more rate cuts over the next year. Traders now see a many more instance of another 50 bps cut by the Federal Reserve in November, further boosting precious metal prices."
Above views are of the author and not of the website kindly read disclaimer
Latest News
Evening Roundup : A Daily Report on Bullion Energy &...
India inflation to rise further to 5.81% on rising f...
Rupee weakens to record low, logs worst week in five...
Reduce NCC Ltd For Target Rs. 310 By Centrum Broking...
India`s Welspun posts steep Q2 profit drop on low do...
Palm Oil Sees Strongest Weekly Gains Since June 2022...
Add Page Industries Ltd For Target Rs. 46,991 By Ce...
Reduce Schaeffler India Ltd For Target Rs. 3,866 By ...
FIIs stood as net sellers in equities as per Novembe...
Commodity Research Evening Track by Kotak Securities
Top News
BLS International surges on bagging contract from Italian govt to provide visa, legalisation...
