Gold and silver prices faced renewed pressure, influenced by concerns over US inflation, which have heightened expectations for additional interest rate increases this year. Despite a rally in precious metals during the majority of the previous session, gold ultimately reversed Read More …
Silver prices fell by 2.43%, closing at Rs. 182,576, influenced by a robust US dollar index that rose to 102 following stronger-than-anticipated inflation data, which bolstered expectations for additional interest rate hikes by the Federal Reserve. In October, US consumer Read More …
Gold prices fell by 1.84%, closing at Rs. 140,525, influenced by the hawkish remarks from Federal Reserve Governor Christopher Waller. He expressed support for a rate hike in December and suggested that a more substantial increase of 50 basis points Read More …
Silver settled 0.17% higher at Rs. 1,85,100, experiencing a slight recovery on short covering following recent declines influenced by a stronger US dollar and robust nonfarm payrolls data, which bolstered expectations of a possible Federal Reserve interest rate increase in Read More …
After a recent rise fuelled by Democratic gains in the US midterm elections and expectations of a de-escalation in the US-Iran war, which caused a steep decrease in crude oil prices and soothed inflation fears, silver finished 0.32% lower at Read More …
Gold settled 0.6% higher at Rs. 144,095, buoyed by a weaker US dollar and declining Treasury yields in the aftermath of the US midterm elections. Additionally, a significant correction in crude oil prices alleviated inflation concerns and tempered expectations for Read More …
Silver settled sharply higher by 4.47% at Rs. 187,735, bolstered by a weaker dollar as early US midterm election results indicated gains for Democrats in both chambers of Congress, raising expectations of political gridlock and potentially limiting further fiscal expansion. Read More …
Gold settled sharply higher by 2.71% at Rs. 143,234, supported by a weaker as Democrats secured early victories in the US midterm elections, increasing political uncertainty and weighing on the greenback. Investors are now awaiting US non-farm payrolls data for Read More …
Silver settled 2.22% lower at Rs. 179,698, as a rebound in oil prices following reports of a US strike on Iran’s Qeshm Island heightened concerns over renewed inflationary pressures and weighed on precious metals. Investors exhibited a cautious stance in Read More …
Gold settled 0.52% lower at Rs. 139,452, as energy-driven inflation concerns and expectations of further Federal Reserve monetary tightening exerted downward pressure on prices ahead of the US midterm elections. Comments from three Federal Reserve officials advocating for further rate Read More …
