Silver Soars as Dollar Weakens and Data Damps Fed Rate Hike Hopes

Bullions Updates

Silver concluded the trading session with a 0.20% increase, reaching Rs 235,924, buoyed by a depreciating US dollar, as recent economic indicators have tempered anticipations of a Federal Reserve interest rate increase in September. In July, US retail sales experienced Read More …

Silver Slides as Investors Assess Monetary Policy and Interest Rates

Bullions Updates

Silver prices concluded the session at Rs 225,836, reflecting a decline of 0.77% as investors assessed the implications of U.S. monetary policy and anticipated future interest rate adjustments. The downside remained constrained following an agreement between Iran and Oman to Read More …

Short-covering boosts silver amid US-Iran tensions Improving Inflation

Bullions Updates

Silver prices increased by 0.18%, closing at Rs 216,403, bolstered by short covering amid rising geopolitical tensions in the Middle East, which enhanced safe-haven demand. The ongoing conflict between the United States and Iran has led to an uptick in Read More …

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 …

Silver Rises as Fed’s Warsh Hints at Easing US Inflation Risks

Bullions Updates

Silver prices advanced by 0.80% to settle at Rs 230,384, bolstered by enhanced investor sentiment following remarks from Federal Reserve Chair Kevin Warsh regarding the easing risks of US inflation. Softer inflation expectations were bolstered by weaker price components in 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 …