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Gold and Silver`s Outlook remains Positive for 2025 Gold and silver have experienced an impressive rally in 2024, gaining approximately 30% and 35%, respectively, on the COMEX. After hitting a peak- some cool off started to set in as uncertainties started to fade off. The surge largely comes after a period of pandemic-driven economic uncertainty and is underpinned by several key factors, primarily central bank policies and geopolitical tensions. In addition, a range of other dynamics, such as supply-demand imbalances and domestic market condit...
Gold and Silver`s Outlook remains Positive for 2025
Gold and Silver`s Outlook remains Positive for 2025
Source: PR Agency
2024-12-23 05:52:45 pm
Gold gains 30 pc in 2024, silver 35 pc up on COMEX this year: MOFSL Gold and silver have experienced an impressive rally in 2024, gaining approximately 30 per cent and 35 per cent, respectively, on the Commodity Exchange (COMEX), a report showed on Monday.  While central bank policies and geopolitical risks are significant drivers of gold and silver prices, other factors also play a role in shaping the market, according to the report by Motilal Oswal Financial Services Ltd (MOFSL). In 2024, global demand for precious metals has increased substantia...
Gold gains 30 pc in 2024, silver 35 pc up on COMEX this year: MOFSL
Gold gains 30 pc in 2024, silver 35 pc up on COMEX this year: MOFSL
Source: IANS
2024-12-23 03:31:58 pm
Silver Report : Silver has shown signs of recovery, finding support at lower levels and attracting buying interest By Choice Broking Ltd Following a decline last week after the Federal Reserve's interest rate announcement. Silver has shown signs of recovery, finding support at lower levels and attracting buying interest. MCX March Silver contract closed at 88442 on Friday. Comex Silver spot price is currently trading at $29.70/ounce. On Friday, Comex Silver spot price successfully closed above its 200-DMA of $29.36. After finding strong support around the $28.74 level, the price experienced a modest rebound. The key res...
Silver Report : Silver has shown signs of recovery, finding support at lower levels and attracting buying interest By Choice Broking Ltd
Silver Report : Silver has shown signs of recovery, finding support at lower levels and attracting buying interest By Choice Broking Ltd
Source: Choice Broking Ltd
2024-12-23 02:34:43 pm
Quote on Gold and silver remain a strong investment choice for 2025 by Pranay Aggarwal, CEO, Stoxkart - a discount broker Below the Quote on Gold and silver remain a strong investment choice for 2025 by Pranay Aggarwal, CEO, Stoxkart - a discount broker   Due to economic and political uncertainty, gold and silver remain a strong investment choice for 2025. Central bank purchases by China and Federal Reserve rate cuts further strengthens gold's outlook. Silver 's demand is expected to increase from industries for EV infrastructure and green energy. Gold is in the spotlight with a 20.8...
Quote on Gold and silver remain a strong investment choice for 2025 by Pranay Aggarwal, CEO, Stoxkart - a discount broker
Quote on Gold and silver remain a strong investment choice for 2025 by Pranay Aggarwal, CEO, Stoxkart - a discount broker
Source: Stoxkart
2024-12-10 05:04:21 pm
Learn from Indian women how to invest in gold and silver: Jim Rogers  As the prices of gold and silver continue to rise amid geo-political tensions, ace global investor Jim Rogers has an advice for people: stay invested in precious metals and nothing can teach us better about bullion than Indian women.  In an interaction with IANS on Thursday, Rogers, who is known for his expertise and strategic insights, said he owns both gold and silver. “Everybody should own gold and silver. That is one thing I learned in India where women in the marke...
Learn from Indian women how to invest in gold and silver: Jim Rogers
Learn from Indian women how to invest in gold and silver: Jim Rogers
Source: IANS
2024-11-29 09:41:57 am
Silver exhibits volatility similar to Indian equities : Motilal Oswal Private Wealth According to Alpha Strategist Report from Motilal Oswal Private Wealth (MOPW), standard deviation on monthly returns and maximum drawdowns for the period between 1990 to 31st October 2024, silver has exhibited volatility similar to Indian equities.  The standard deviation for Silver is 26.6% which is similar to Indian equities at 26.8%. The maximum drawdown of silver is at -54% which is close the maximum drawdown of -55.1% in Indian equities. Silver has provided returns of the...
Silver exhibits volatility similar to Indian equities : Motilal Oswal Private Wealth
Silver exhibits volatility similar to Indian equities : Motilal Oswal Private Wealth
Source: Motilal Oswal Private Wealth Management
2024-11-25 03:39:14 pm
India premiums reach 4-month peak as price drop attracts customers Physical gold premiums in India climbed to a near four-month high this week, driven by a rebound in demand as prices dropped, while top consumer China saw limited retail buying interest. Domestic prices in India fell to 73,300 rupees per 10 grams earlier this week after hitting a record high of 79,775 rupees last month. "Buyers were holding off for prices to drop, but once they did, retail buyers jumped in and started buying," said a Hyderabad-based jeweller. Indian dealers...
India premiums reach 4-month peak as price drop attracts customers
India premiums reach 4-month peak as price drop attracts customers
Source: Reuters
2024-11-15 01:51:22 pm
Silver, Gold, and Copper Slide Amid Dollar Surge by Amit Gupta, Kedia Advisory Precious and industrial metals faced a decline, driven by a strengthening U.S. dollar and concerns about global economic weakness. Silver dipped to its lowest in a month, pressured by a robust dollar and weak Chinese stimulus measures. Copper hit a two-month low amid underwhelming Chinese economic data and a tepid debt package. Gold fell to nearly a two-month low as reduced demand for safe-haven assets and strong dollar gains weighed on the market. Meanwhile, WTI crude oil and platinum also e...
Silver, Gold, and Copper Slide Amid Dollar Surge by Amit Gupta, Kedia Advisory
Silver, Gold, and Copper Slide Amid Dollar Surge by Amit Gupta, Kedia Advisory
Source: Kedia Advisory
2024-11-12 05:35:16 pm
Gold prices fall to Rs 77,000 per 10 grams; sliver below Rs 91,000 per kg Domestic prices of gold slipped to Rs 77,000 per 10 grams on Monday due to poor demand after the festive season ended. According to the Indian Bullion Jewelers Association (IBJA), the prices of 24-carat gold have slipped to Rs 77,030 per 10 grams. The rate of 22-carat gold is Rs 75,180 per 10 grams and the price of 20-carat gold is Rs 68,550 per 10 grams. The price of 18-carat gold is Rs 62,390 per 10 grams and the price of 14-carat gold is Rs 49,680 per 10 grams. Gold prices continu...
Gold prices fall to Rs 77,000 per 10 grams; sliver below Rs 91,000 per kg
Gold prices fall to Rs 77,000 per 10 grams; sliver below Rs 91,000 per kg
Source: IANS
2024-11-11 01:59:23 pm
Silver does not justify significant allocation to portfolio despite stellar run in 2024: Capitalmind Financial Services According to a Report by Anoop Vijaykumar and Divyansh Agnani from Capitalmind Financial Services Pvt. Ltd., Silver does not warrant a significant allocation to portfolio despite stellar run in the 2024. The report focuses on the unintuitive advantage of uncorrelated assets. According to the study, a 50:50 Gold-Nifty portfolio would have outperformed both Gold and Nifty for over 20 years. The ideal portfolio for maximum returns with the least volatility would be Gold: 62%, Nifty: 35...
Silver does not justify significant allocation to portfolio despite stellar run in 2024: Capitalmind Financial Services
Silver does not justify significant allocation to portfolio despite stellar run in 2024: Capitalmind Financial Services
Source: Capitalmind Financial Services
2024-10-26 04:35:55 pm
This Dhanteras: Gold and Silver Targets Set for New Highs with Strong Support by Ventura Securities  According to a recent Bullion study on Gold and Silver by Ventura Securities, Gold is now acting as a hedge against US economic sanctions too, traditionally behavior being a safe haven asset (store of value) and as a hedge against inflation. Despite inflation being moderated, Gold has rallied to new highs. Short term gold prices will be at a slower pace due slower pace of rate cuts. There is also a risk that gold may give back some of the recent gains (But the trajectory of Gold in...
This Dhanteras: Gold and Silver Targets Set for New Highs with Strong Support by Ventura Securities
This Dhanteras: Gold and Silver Targets Set for New Highs with Strong Support by Ventura Securities
Source: Ventura Securities
2024-10-26 04:07:04 pm
Silver to potentially outperform Gold with Targets of Rs 1,25,000 in next 12-15months: Motilal Oswal Financial Services Ltd  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 to potentially outperform Gold with Targets of Rs 1,25,000 in next 12-15months: Motilal Oswal Financial Services Ltd
Source: Motilal Oswal Financial Services
2024-10-26 04:03:19 pm
Silver may touch Rs 1.25 lakh a kg in next 12-15 months, outperform gold 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
Silver may touch Rs 1.25 lakh a kg in next 12-15 months, outperform gold
Source: IANS
2024-10-26 03:00:21 pm
Quote on Silver from Jateen Trivedi, VP Research Analyst - Commodity and Currency, LKP Securities 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
Quote on Silver from Jateen Trivedi, VP Research Analyst - Commodity and Currency, LKP Securities
Source: LKP securities Ltd
2024-10-22 05:53:40 pm
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 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
Quote on Silver by Jateen Trivedi, VP Research Analyst - Commodity and Currency, LKP Securities
Source: LKP Securities Ltd
2024-10-21 05:37:07 pm
HDFC AMC Article - Gold Rush ahead in a Falling Interest Rate Regime? With the Federal Open Market Committee (FOMC) Meeting cutting the Federal Funds Rate by 50bps, we are clearly in a falling interest rate regime globally. Out of 38 countries tracked by the BIS Central Bank database, 22 have cutrates in 2024 so far. In this scenario, precious metals such as gold and silver become potential investments,as they have generally shown increased potential infalling interest rate regimes.Gold reached an all-time high on September 23, 2024, touching US$2,629. In India...
HDFC AMC Article - Gold Rush ahead in a Falling Interest Rate Regime?
HDFC AMC Article - Gold Rush ahead in a Falling Interest Rate Regime?
Source: PR Agency
2024-10-15 05:36:56 pm
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
Quote on Silver by Jateen Trivedi, VP Research Analyst - Commodity and Currency, LKP Securities
Source: LKP securities Ltd
2024-09-25 04:44:18 pm
Quote on impact of US Fed rate cut on Gold & Silver prices by Hareesh V, Head of Commodities, Geojit Financial Services Below the Quote on impact of US Fed rate cut on Gold & Silver prices by Hareesh V, Head of Commodities, Geojit Financial Services   "The US central bank surprisingly cut its benchmark interest rates by 50 bps and hinted more cuts are likely before the end of the year. The Fed chair also noted that the central bank’s goal is to keep inflation stable without any adverse effects on the job market.    After the rate cut decision, the U...
Quote on impact of US Fed rate cut on Gold & Silver prices by Hareesh V, Head of Commodities, Geojit Financial Services
Quote on impact of US Fed rate cut on Gold & Silver prices by Hareesh V, Head of Commodities, Geojit Financial Services
Source: Geojit Financial Services Ltd
2024-09-19 09:21:37 am
Silver Prices Surge Amid Mixed US Producer Price Index Data and Rising Indian Import Demand by Amit Gupta, Kedia Advisory Silver prices rallied 2.0% on Thursday, trading around $29.30 following the release of mixed US Producer Price Index (PPI) data for August. While the monthly PPI rose by 0.2%, exceeding expectations, annual figures were lower, causing the US Dollar to weaken and boosting precious metals. In addition, India’s silver imports are set to nearly double in 2024 due to increasing demand from the solar panel and electronics sectors. This surge in imports, alongside declining inventories, has co...
Silver Prices Surge Amid Mixed US Producer Price Index Data and Rising Indian Import Demand by Amit Gupta, Kedia Advisory
Silver Prices Surge Amid Mixed US Producer Price Index Data and Rising Indian Import Demand by Amit Gupta, Kedia Advisory
Source: Kedia Advisory
2024-09-13 12:01:41 pm
Silver Outlook Report by Amit Gupta, Kedia Advisory Executive Summary The silver market is currently in a dynamic state, characterised by a combination of supply constraints, robust industrial demand, and evolving investor sentiment, making it a focal point for both market participants and analysts. Silver mine production, which peaked at 837 million ounces in 2022, is expected to decline slightly by 1% to 824 million ounces in 2024. This anticipated reduction in supply, coupled with stable recycling levels of 179 million ounces, suggests t...
Silver Outlook Report by Amit Gupta, Kedia Advisory
Silver Outlook Report by Amit Gupta, Kedia Advisory
Source: Kedia Advisory
2024-08-19 11:41:21 am
Quote on Gold & Silver by Anindya Banerjee, SVP, Head of Research, Currency, Commodity & Interest Rates, Kotak 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
Quote on Gold & Silver by Anindya Banerjee, SVP, Head of Research, Currency, Commodity & Interest Rates, Kotak Securities
Source: Kotak Securities Ltd
2024-07-25 10:44:44 am
India slashes import tax on gold, silver to tackle smuggling India slashed import duties on gold and silver on Tuesday in a move industry officials said could lift retail demand and help cut smuggling in the world's second-biggest bullion consumer. Higher demand for gold from India could boost global prices, which hit a record high this year, although that could widen India's trade deficit and put pressure on its ailing rupee. "It's a massive step in (the) right direction, as it will reduce the incentives for smuggling of gold. I...
India slashes import tax on gold, silver to tackle smuggling
India slashes import tax on gold, silver to tackle smuggling
Source: Reuters
2024-07-23 03:54:22 pm
Jewellery sector stocks gain as FM announces customs duty on gold, silver to be reduced Stock related to Jewellery sector jump after, Finance Minister Nirmala Sitharaman announced that Customs duty on gold and silver to be reduced to 6%, platinum to 6.4%. Titan Company is currently trading at Rs. 3355.40, up by 102.80 points or 3.16% from its previous closing of Rs. 3252.60 on the BSE. The scrip opened at Rs. 3252.00 and has touched a high and low of Rs. 3383.55 and Rs. 3232.70 respectively. So far 31191 shares were traded on the counter. Senco Gold is currently trading at...
Jewellery sector stocks gain as FM announces customs duty on gold, silver to be reduced
Jewellery sector stocks gain as FM announces customs duty on gold, silver to be reduced
Source: Accord Fintech
2024-07-23 12:45:08 pm
Silver likely to touch Rs 1,25,000 over the next few Months: Motilal Oswal Financial Services 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
Silver likely to touch Rs 1,25,000 over the next few Months: Motilal Oswal Financial Services
Source: Motilal Oswal Financial Services
2024-07-12 04:03:53 pm
DGFT puts on hold new wastage norms for gold, silver and platinum content in jewellery exports The Directorate General of Foreign Trade (DGFT) has put on hold the new norms for permissible wastage amount for gold, silver and platinum content in jewellery exports until July 31, 2024, just a day after the notification after the gems and jewellery industry raised serious concerns on the new standards. On May 27, the DGFT has notified revised norms related to the permissible amount of wastage and standard input output with regard to the export of gold and silver jewellery. The industry cla...
DGFT puts on hold new wastage norms for gold, silver and platinum content in jewellery exports
DGFT puts on hold new wastage norms for gold, silver and platinum content in jewellery exports
Source: Accord Fintech
2024-05-29 11:42:12 am
Silver likely to outperform Gold in the near term, says Motilal Oswal Financial Services Limited According to Motilal Oswal Financial Services Limited (MOFSL), Silver could outperform Gold in a longer period. As per data, Gold and Silver have experienced notable year-to-date increases of 13% and 11%, respectively, from last cycle of the new year that starts with the auspicious occasion of Akshaya Tritiya. MOFSL continue to maintain a positive stance for both Gold & Silver and recommends buying on dips with target towards of Rs.75,000 for gold and Rs 1,00,000 for silver on domestic...
Silver likely to outperform Gold in the near term, says Motilal Oswal Financial Services Limited
Silver likely to outperform Gold in the near term, says Motilal Oswal Financial Services Limited
Source: Motilal Oswal Financial Services Ltd
2024-05-09 11:58:15 am
Hindustan Zinc says it has become world's 3rd largest silver producer Hindustan Zinc Limited on Thursday announced that it has now become the third-largest silver producer globally as per the World Silver Survey 2024 conducted by The Silver Institute in the US. "The company's Sindesar Khurd Mine now stands as the world's second largest silver-producing mine moving up from last year's fourth position," the company said in a statement. Priya Agarwal Hebbar, Chairperson of Hindustan Zinc, said: "Silver plays a pivotal role in the g...
Hindustan Zinc says it has become world's 3rd largest silver producer
Hindustan Zinc says it has become world's 3rd largest silver producer
Source: IANS
2024-04-19 09:26:43 am
Silver Shines Bright: Riding High Towards Rs 95,000 (may see 1lakhs also) Amidst Strong Fundamentals by Amit Gupta, Kedia Advisory Silver's upward trajectory is fueled by robust fundamentals, including heightened industrial demand and geopolitical uncertainties. As prices rally towards ?95,000, investing in silver for the medium to long term remains a safe and promising option. The surge in silver prices has been remarkable today prices tested the 82849 level on MCX, with the metal poised to test ?95,000 in the medium to long term, possibly even reaching ?1 lakh soon. This rally has been fueled by a convergence of...
Silver Shines Bright: Riding High Towards Rs 95,000 (may see 1lakhs also) Amidst Strong Fundamentals by Amit Gupta, Kedia Advisory
Silver Shines Bright: Riding High Towards Rs 95,000 (may see 1lakhs also) Amidst Strong Fundamentals by Amit Gupta, Kedia Advisory
Source: Kedia Advisory
2024-04-09 04:08:38 pm
Weekly Oulook : Weekly outlook Gold, Silver & Crude oil By Anuj Gupta,HDFC Securities Below are Views on Weekly Oulook - Gold, Silver, Crude Oil & Copper By Mr. Anuj Gupta, Vice President, HDFC Securities The gold rally is likely to continue until price trades above $2225, and Comex gold can fly towards $2370 and $24000in the short term. Gold June future has immediate resistance at 72650, then 73555 acts as the next resistance, and it has support at 69200/69022. Comex Silver finally broke its long-term downward-sloping trend line and settled above it. We a...
Weekly Oulook : Weekly outlook Gold, Silver & Crude oil By Anuj Gupta,HDFC Securities
Weekly Oulook : Weekly outlook Gold, Silver & Crude oil By Anuj Gupta,HDFC Securities
Source: HDFC Securities
2024-04-07 09:10:43 am
Weekly Outlook on Gold And Silver By Mr. Anuj Gupta, HDFC securities Below are Views on Weekly Gold and Silver Outlook By Mr. Anuj Gupta, Vice President, HDFC securities   Bullish momentum will continue in gold and Comex gold can rally towards $2250 and $2320 level until it holds above $2145 level Gold June future has immediate resistance at 68300, then 69070acts as the next resistance, and it has support at 66780/66300. The Comex Silver trend is moderately bullish and it has strong supply zone $25.80-$26.25  and  dema...
Weekly Outlook on Gold And Silver By Mr. Anuj Gupta, HDFC securities
Weekly Outlook on Gold And Silver By Mr. Anuj Gupta, HDFC securities
Source: HDFC Securities
2024-03-29 02:43:31 pm
Exclusive-Indian banks halt silver imports as duty differential spurs private trade India's banks have stopped silver imports after private traders bought large volumes of the precious metal from the United Arab Emirates to benefit from a lower duty, a total of five dealers and industry officials said. India, the world's biggest silver consumer, imposes a 15% import duty on the metal. But the Comprehensive Economic Partnership Agreement, signed between India and the United Arab Emirates (UAE) in 2022, allows private traders to import silver through the India In...
Exclusive-Indian banks halt silver imports as duty differential spurs private trade
Exclusive-Indian banks halt silver imports as duty differential spurs private trade
Source: Reuters
2024-03-15 09:07:26 am
Silver Surges: Anticipation of Rate Cuts Sparks 4% Price Jump in a Week by Amit Gupta, Kedia Advisory Amidst signs of a potential U.S. rate cut, silver prices soared over 4% within a week, driven by a slowdown in U.S. manufacturing and declining consumer sentiment. Key Federal Reserve officials hinted at monetary policy adjustments, while global silver demand is forecasted to rise by 1%, led by record industrial demand and a resurgence in jewelry fabrication, despite a projected 6% decline in silver investment.   Highlights Silver Price Surge:  Silver prices surged over 4% ...
Silver Surges: Anticipation of Rate Cuts Sparks 4% Price Jump in a Week by Amit Gupta, Kedia Advisory
Silver Surges: Anticipation of Rate Cuts Sparks 4% Price Jump in a Week by Amit Gupta, Kedia Advisory
Source: Kedia Advisory
2024-03-05 05:10:38 pm
Investment Opportunity - Gold & Silver Outlook by Nippon India Mutual Fund Gold & Silver ETFs & Savings Funds 1. Investor and trader sentiment have turned bullish on Gold and Silver for 2024. However, a broad consensus can sometimes lead to underperformance in the near term. There may be a risk of a near term volatility in both Silver and Gold, albeit a good buying opportunity for the medium to long-term. 2. The trigger for volatility may come from an over-sold dollar or an upside surprise on inflation or an extended bout of risk-on phase in equity mar...
Investment Opportunity - Gold & Silver Outlook by Nippon India Mutual Fund
Investment Opportunity - Gold & Silver Outlook by Nippon India Mutual Fund
Source: PR Agency
2024-02-05 12:18:50 pm
India raises import duty on gold, silver jewellery findings The Indian government has increased the import duty on gold and silver findings, used in making jewellery, and on precious metal coins to 15% from 11%, effective from Jan. 22, to bring them in line with duties on gold and silver bars. In a notification issued on Monday, India's Ministry of Finance also hiked the import duty on spent catalysts containing precious metals to 14.35% from 10.1%. The move aims to prevent circumvention of the duty on gold and silver bars, a government offi...
India raises import duty on gold, silver jewellery findings
India raises import duty on gold, silver jewellery findings
Source: Reuters
2024-01-23 12:44:50 pm
Weekly Outlook Gold & Silver by Anuj Gupta, HDFC Securities Below the Quote on Weekly Outlook Gold & Silver by Anuj Gupta, HDFC Securities    Gold prices are expected to trade in a broader range of $2017 to $2070 with moderate baris bias. A fall below the 2017 level will open further downsides towards the $1994 level. Upside looks limited to $2070 and $2088 levels. MCX Gold Feb Future has support at 61950/61400 and resistance at 63080/63320 The silver-shot term trend remains bearish until the price trades below the $24.1...
Weekly Outlook Gold & Silver by Anuj Gupta, HDFC Securities
Weekly Outlook Gold & Silver by Anuj Gupta, HDFC Securities
Source: HDFC Securities
2024-01-08 09:11:09 am
Weekly Oulook : Gold And Silver By Anuj Gupta, IIFL Securities Below are Views on Weekly Oulook - Gold & Silver By Mr. Anuj Gupta, Vice President, IIFL Securities The short-term trend remains moderately bullish in gold until Comex gold trades above the $2015 level, and traders should adopt a buy-on-dip strategy. Comex Spot Gold has strong support at $2033/$2015 and resistance at $2070/$2088. A decisive break above the $2088 level will open further upside towards $2120. Comex Silver is expected to trade in a broader range of $23.50 to $2...
Weekly Oulook : Gold And Silver By Anuj Gupta, IIFL Securities
Weekly Oulook : Gold And Silver By Anuj Gupta, IIFL Securities
Source: IIFL Securities Ltd
2023-12-24 11:58:56 am
Weekly Outlook on Gold and Silver By Mr. Anuj Gupta, IIFL Securities Below are Views on Weekly Gold and Silver Outlook By Mr. Anuj Gupta, Vice President, IIFL Securities Comex spot gold is expected to trade in the range of $1965 to $2050 with a moderately sideways bias. Only a decisive move above the $2050 level will open upside towards the $2070/$2085 levels. Comex Silver has strong resistance at $24.70 until price trades below this level. On the flip side, it has support at $23.35/22.80. We expect the silver price to fluctuate in the bro...
Weekly Outlook on Gold and Silver By Mr. Anuj Gupta, IIFL Securities
Weekly Outlook on Gold and Silver By Mr. Anuj Gupta, IIFL Securities
Source: IIFL Securities Ltd
2023-12-17 04:46:06 pm
`Quote on Gold` by Mr. Veer Mishra, Co-Founder of Plus Below the Quote on Gold by Mr. Veer Mishra, Co-Founder of Plus   Gold 24 carat: ?62,730 per 10 grams 22 carat: ?57,460 per 10 grams 18 carat: ?47,820 per 10 grams Silver ?56,280 per kilogram The upcoming wedding season is expected to boost gold prices in India. This is because jewelry is a popular wedding gift, and gold is considered to be a good investment. Additionally, the demand for gold is also expected to increase a...
`Quote on Gold` by Mr. Veer Mishra, Co-Founder of Plus
`Quote on Gold` by Mr. Veer Mishra, Co-Founder of Plus
Source: PR Agency
2023-12-04 12:21:01 pm
Weekly Outlook on Gold And Silver By Mr. Anuj Gupta, HDFC securities Below are Views on Weekly Gold and Silver Outlook By Mr. Anuj Gupta, Vice President, HDFC securities   Gold views is bullish  Comex gold has immediate resistance at 2084 above that price can rally towards 2126 level . It has support at 2053 and 2027. Silver view is bullish comics silver has the first resistance at 26.0 then price can rally towards 26.7 and 27.5 It has support at 24.88 and 24.25 MCX gold Feb future has resistance at 63726 and 64800. Suppo...
Weekly Outlook on Gold And Silver By Mr. Anuj Gupta, HDFC securities
Weekly Outlook on Gold And Silver By Mr. Anuj Gupta, HDFC securities
Source: HDFC Securities
2023-12-03 01:42:07 pm
Quote on Gold As On 01 December 2023 By Mr. Veer Mishra, Co-Founder of Plus Below the "Quote on Gold" On 01 December  2023 by Mr. Veer Mishra, Co-Founder of Plus Today's gold and silver prices in India are: * Gold: ?5,810 per gram for 22 karat gold and ?6,273 per gram for 24 karat gold. * Silver: ?79.20 per gram and ?79,200 per kilogram. Market Outlook for Gold: Gold prices are expected to remain elevated in the near term, supported by a combination of domestic and global factors. The weakening Indi...
Quote on Gold As On 01 December 2023 By Mr. Veer Mishra, Co-Founder of Plus
Quote on Gold As On 01 December 2023 By Mr. Veer Mishra, Co-Founder of Plus
Source: PR Agency
2023-12-01 02:25:44 pm
Quote on Gold As On 29 November 2023 By Mr. Veer Mishra, Co-Founder of Plus 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
Quote on Gold As On 29 November 2023 By Mr. Veer Mishra, Co-Founder of Plus
Source: PR Agency
2023-11-29 11:00:16 am
Quote on Gold As On 28 November 2023 By Mr. Veer Mishra, Co-Founder of Plus Below the "Quote on Gold" by Mr. Veer Mishra, Co-Founder of Plus The prices today for Gold & Silver are : 1. Gold 22 karat : ?5,750 +25     Gold 24 karat : ?6,271 +27 2. Silver 999 : ?78.50 -5.06   Here are some of the domestic factors affecting the price of gold and silver in India: Demand and supply: The demand for gold and silver in India is driven by a number of factors, including festivals, weddings, and inves...
Quote on Gold As On 28 November 2023 By Mr. Veer Mishra, Co-Founder of Plus
Quote on Gold As On 28 November 2023 By Mr. Veer Mishra, Co-Founder of Plus
Source: PR Agency
2023-11-28 11:40:15 am
RBI throws open silver imports to qualified jewellers in same way as gold Reserve Bank of India (RBI) on Friday issued a notification allowing qualified jewellers to import silver through India International Bullion Exchange IFSC Ltd (IIBX) in the same manner as gold imports. The banks dealing with imports have been directed to permit jewellers importing silver to remit advance payment for 11 days as is the case with gold.  “Qualified Jewellers as notified by International Financial Services Centres Authority (IFSCA) have been permitted to import s...
RBI throws open silver imports to qualified jewellers in same way as gold
RBI throws open silver imports to qualified jewellers in same way as gold
Source: IANS
2023-11-10 05:04:41 pm
Gold flat as central bank meetings take spotlight Gold prices were flat on Tuesday after slipping below the critical $2,000 milestone in the last session, as investors prepared for central bank meetings this week with particular focus on the U.S. Federal Reserve's policy outlook. FUNDAMENTALS * Spot gold was steady at $1,995.69 per ounce by 0059 GMT and U.S. gold futures traded at $2,004.90. * Spot gold had advanced to as high as $2,009.29 an ounce on Friday, its highest levels since mid-May on safe-haven demand stemming from th...
Gold flat as central bank meetings take spotlight
Gold flat as central bank meetings take spotlight
Source: Reuters
2023-10-31 08:50:32 am
Gold holds above $2,000 mark on safe-haven demand; Fed meet in focus Gold prices held steady near the key $2,000 level on Monday, buoyed by safe-haven demand from an escalating Middle East conflict, as investors awaited the outcome from the U.S. Federal Reserve's policy meeting this week. Spot gold was steady at $2,003.17 per ounce by 0245 GMT. U.S. gold futures climbed 0.7% to $2,013.00. Israeli air strikes hit areas near Gaza City's Shifa and Al-Quds hospitals early on Monday, and Palestinian militants clashed with Israeli forces in a border ar...
Gold holds above $2,000 mark on safe-haven demand; Fed meet in focus
Gold holds above $2,000 mark on safe-haven demand; Fed meet in focus
Source: Reuters
2023-10-30 09:17:52 am
Gold rises as Mideast conflict dominates sentiment Gold prices climbed on Thursday as the Middle East conflict kept investors worried, with safe-haven bullion standing firm despite a stronger U.S. dollar and bonds yields.Spot gold rose 0.4% to $1,986.79 per ounce by 0348 GMT. U.S. gold futures edged up 0.1% to $1,997.10.The dollar and benchmark U.S. 10-year Treasury yields climbed after data indicated that new-home sales surged to a 19-month high in September, affirming market expectations of prolonged high rates heading into 2024. [US/]Inves...
Gold rises as Mideast conflict dominates sentiment
Gold rises as Mideast conflict dominates sentiment
Source: Reuters
2023-10-26 11:20:01 am
Gold firms as US bond yields slip, Middle East remains in focus Gold prices climbed on Wednesday on softer U.S. Treasury yields, but lacked impetus to rise further as bullion's safe-haven demand showed signs of fatigue after global leaders sought to prevent the Israel-Hamas war from spreading.Spot gold gained 0.3% to $1,975.61 per ounce by 0227 GMT, having declined in the previous two sessions and trading below five-month highs hit last week. U.S. gold futures were steady at $1,986.70."Gold had a great run, having rallied over 10% in ten days towards that...
Gold firms as US bond yields slip, Middle East remains in focus
Gold firms as US bond yields slip, Middle East remains in focus
Source: Reuters
2023-10-25 09:10:43 am
Gold inches higher as US benchmark bond yields retreat from highs Gold prices edged higher on Tuesday as benchmark U.S. Treasury yields pulled back after crossing above 5% in the last session, while investors awaited economic data due later in the week to gauge the outlook for U.S. monetary policy.FUNDAMENTALS* Spot gold was up 0.1% at $1,973.69 per ounce by 0059 GMT, while U.S. gold futures eased 0.1% to $1,985.10.* The yield on the benchmark 10-year U.S. Treasury note declined after briefly rising above 5.0% on Monday, hitting the July 2007 milestone and ...
Gold inches higher as US benchmark bond yields retreat from highs
Gold inches higher as US benchmark bond yields retreat from highs
Source: Reuters
2023-10-24 09:16:20 am