According to Motilal Oswal Financial Services Ltd (MOFSL), silver could either match or outperform gold in the medium to long term. It expects silver to reach targets of ?1,25,000 on MCX and $40 on COMEX in the next 12 to 15 months. Recently, silver has shown impressive performance, gaining more than 40% YTD and breaching ?100,000 on the domestic front, fueled by safe-haven buying and robust industrial demand.
MOFSL has also set targets for gold of ?81,000 in the medium ter...
Silver to potentially outperform Gold with Targets of Rs 1,25,000 in next 12-15months: Motilal Oswal Financial Services Ltd
Silver could either match or outperform gold in the medium to long term, and is likely to reach Rs 1,25,000 per kg on MCX and $40 on COMEX in the next 12 to 15 months, a report showed on Saturday.
Recently, silver has shown impressive performance, gaining more than 40 per cent (year-to-date) and breaching Rs 100,000 on the domestic front, fuelled by safe-haven buying and robust industrial demand, according to the report by Motilal Oswal Financial Services Ltd (MOFSL).
MOFSL has al...
Silver may touch Rs 1.25 lakh a kg in next 12-15 months, outperform gold
Below the Quote on Silver from Jateen Trivedi, VP Research Analyst - Commodity and Currency, LKP Securities
"Silver prices have continued their rapid upward momentum, surging past Rs.100,000 in the physical Indian markets, with the fast-paced rally suggesting that prices could reach Rs.110,000 before Diwali. As retail investors rush to buy silver, spurred by the heavy rise in gold prices, silver appears relatively more affordable at Rs.100,000 per kilogram, while gold is now...
Quote on Silver from Jateen Trivedi, VP Research Analyst - Commodity and Currency, LKP Securities
Below the Quote on Silver by Jateen Trivedi, VP Research Analyst - Commodity and Currency, LKP Securities
"Silver prices have gained strong upward momentum, with physical market prices surpassing ?100,000 per kg in India. As gold prices soar, retail buyers are increasingly turning to silver, viewing it as a relatively cheaper alternative at these levels, especially with gold now touching ?78,000 for 10 grams. The rise in silver is being driven not only by its appeal as a mor...
Quote on Silver by Jateen Trivedi, VP Research Analyst - Commodity and Currency, LKP Securities
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 aggressi...
Quote on Silver by Jateen Trivedi, VP Research Analyst - Commodity and Currency, LKP Securities
Below the Quote on Gold & Silver by Anindya Banerjee, SVP, Head of Research, Currency, Commodity & Interest Rates, Kotak Securities
MCX Gold and Silver prices faced significant selling pressure following a reduction in basic customs duty from 10% to 5%, and a decrease in AIDC from 5% to 1%, resulting in a total import duty of 6%. This move has led to a sharp decline in prices, with Gold down by Rs. 4000/10 grams and Silver plummeting by Rs. 4090/kg.
While cheaper...
Quote on Gold & Silver by Anindya Banerjee, SVP, Head of Research, Currency, Commodity & Interest Rates, Kotak Securities
According to Motilal Oswal financial Services Quarterly report on Silver, With over 30% gains in recent months, likely to see some profit booking at certain intervals, however any major dips could be used as an buying opportunity. Important support is near ?86,000-86,500; while MOFSL revises targets higher from Rs.1,00,000 to Rs.1,25,000 on domestic front and $40 on Comex, from a 12-15 month perspective. Buying on dips is recommended for Silver.
Inflation and ...
Silver likely to touch Rs 1,25,000 over the next few Months: Motilal Oswal Financial Services
Below the "Quote on Gold" On 29 November 2023 by Mr. Veer Mishra, Co-Founder of Plus
The Indian market witnessed a steady rise in gold and silver prices today, reflecting the interplay of domestic demand-supply dynamics, interest rates, inflation, and currency exchange rates.
Gold:
22 karat gold: ?5,735 per gram, up ?35 from yesterday's close
24 karat gold: ?6,256 per gram, up ?25 from yesterday's close
Silver:
999 purity si...
Quote on Gold As On 29 November 2023 By Mr. Veer Mishra, Co-Founder of Plus
