Silver Slips on Profit-Taking Despite Supportive US Jobs Data

Bullions Updates

Silver prices decreased by 0.55%, closing at Rs 236,099, primarily attributed to profit-taking and the strengthening of the U.S. dollar in the wake of recent increases. Nonetheless, the overall market sentiment continued to be favourable following disappointing U.S. labour data, Read More …

Short covering helps silver amid strong currency and US rate hike

Bullions Updates

Silver prices rebounded sharply, settling 2.66% higher at Rs 228,563, supported by fresh buying after recent declines. Despite the recovery, sentiment remained influenced by a stronger U.S. dollar and expectations that the U.S. Federal Reserve may continue tightening monetary policy Read More …

Gold Soars on Short Covering Amid Inflation Rate Hike Worries

Bullions News

Gold prices increased by 0.09% to close at Rs 142,531, buoyed by short covering following recent declines. The market experienced continued pressure due to expectations that the U.S. Federal Reserve may persist in raising interest rates to manage ongoing inflationary Read More …

Gold Prices Slip as Fed Rate Outlook Offsets Middle East Risks

Bullions Updates

Gold and silver prices remained relatively stable on the Multi Commodity Exchange on Monday, even as renewed tensions in the Middle East heightened concerns regarding the precarious nature of the Iran-US ceasefire. Meanwhile, expectations of additional interest rate increases by Read More …

Silver Slips as US Inflation Fears Rise

Bullions Updates

Silver prices experienced a notable decrease of 3.19%, concluding at Rs 238,528 as investors adopted a cautious stance in anticipation of significant U.S. inflation data due this week. Market participants expect U.S. inflation to reach 4.2% in May, marking the Read More …