Silver Rises on Short Covering After Dip from Strong US Jobs Data

Bullions Updates

Silver closed 0.57% higher at Rs 239,016 thanks to short covering after prices fell in response to better-than-expected US job statistics that raised bond yields and bolstered expectations of a rate hike by the Federal Reserve this month. In August, Read More …

Gold Drops as Robust US Jobs Data Boosts Dollar

Bullions Updates

Gold prices settled sharply lower by 1.93% at Rs 152,767, influenced by stronger-than-anticipated U.S. employment data that heightened expectations of a Federal Reserve interest-rate increase as soon as September. U.S. job growth accelerated significantly in August, while the unemployment rate Read More …

Silver Gains 2.57% as Lower Yields Boost Demand

Bullions Updates

Silver settled 2.57% higher at Rs 242349, buoyed by a decline in US Treasury yields and a stabilisation in oil prices, which alleviated fears of renewed inflation and aggressive monetary tightening. Fed Governor Christopher Waller indicated that he would support Read More …

Gold Gains 2.21% as Lower Yields Boost Bullish Momentum

Bullions News

Gold settled sharply higher by 2.21% at Rs 155775, supported by a retreat in the US dollar and Treasury yields after dovish comments from Federal Reserve officials reduced expectations of an immediate rate hike. Fed Governor Christopher Waller indicated that Read More …

Silver Soars as Weak US Labour Data Shifts Fed Rate Expectations

Bullions Updates

Silver concluded the trading session with a 0.35% increase, reaching Rs 236,266, as investors recalibrated their expectations regarding the Federal Reserve’s interest rate trajectory in light of disappointing U.S. labour statistics and a halt in the upward momentum of oil Read More …

Silver Slides as Rising Yields and Inflation Fears Weigh on Prices

Bullions Updates

As rising bond yields and crude oil prices heightened fears about inflation and bolstered prospects of tighter monetary policy, silver fell precipitously by 1.95% to Rs 235,441. The U.S. dollar index regained positive momentum amid a global bond selloff, with Read More …