Silver settled marginally higher by 0.09% at Rs 226,087 as weaker-than-expected US employment data reduced pressure on the Federal Reserve to raise interest rates further. US payrolls increased by only 29,000 in September against expectations of 90,000, while August gains Read More …
Silver concluded the trading session with a gain of 0.97%, reaching Rs 225,877. This increase was bolstered by US PCE inflation data that came in softer than anticipated, leading to diminished expectations for a Federal Reserve rate hike in October. Read More …
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 …
As the dollar index rose to 99.5 from a three-month low of 98.8, silver finished drastically lower by 1.64% at Rs 236,704. Meanwhile, short-term Treasury yields increased following Federal Reserve Chair Kevin Warsh’s tougher stance on inflation. Warsh cautioned that Read More …
