Silver futures prices drifted by 0.74% to Rs 55,046 per kg today, after traders preferred to reduce their positions amid a weak trend in global markets. On the Multi Commodity market, silver for December contract fell by Rs 409, or 0.74%, to Rs 55,046 per kg, with a business turnover of 2,372 lots. The white [...]
Clive Maund details the scenario he sees for economic collapse and inflation which could be very positive for gold and silver. Gold Report interview. The Gold Report: Clive, on clivemaund.com you said “for fundamental and technical reasons the U.S stock markets look set to plunge soon.” So, it seems we’re headed for either deflation or [...]
Gold prices soared at the domestic bullion market today on sustained demand from stockists as well as jewellers amid marriage seasonal offtake on the back of bullish global cues. Silver also rebounded sharply on heavy speculative and investment-driven buying. Standard gold of 99.5 per cent purity rallied Rs 295 to end at Rs 28,765 per [...]
Gold futures rallied on Monday, as global equity markets also surged on growing optimism that European leaders will take measures to bring the debt crisis under control. Gold for December delivery rose $29.80 to $1,715.50 an ounce in electronic trading on Globex. “Gold is currently continuing to behave more like a risky asset than a safe [...]
Investment demand to buy silver bullion in Australia is skyrocketing, according to Gold De Royale, Australia’s largest silver bullion dealer. “With the US national debt crossing $15 trillion, investors are preparing for the worst-case scenario, hyperinflation,” according to George Vo, Sales Manager of Gold De Royale. We have never seen this much demand for silver, [...]
Silver prices rose as much as 1.37 per cent to Rs 55,074 per kg in futures trading today, as speculators enlarged their positions, driven by a rebound in global markets. At the Multi Commodity Exchange, silver for delivery in December shot up by RS 745, or 1.37 per cent, to Rs 55,074 per kg, with a business [...]
Buying Silver is a no brainer as far Jim Rogers is concerned. And why not? Considering that governments are printing money, silver will prove to be a very good bet. In a recent CNBC interview, Rogers says – “Throughout history, when things have gone wrong, they print money…when they print money, you should own silver, you should [...]
Silver prices were expected to exceed $50/oz by the end of 2012, Thomson Reuters GFMS reported in its interim silver market review on Thursday. Silver prices so far this year have averaged $35.70, a rise of 88% year-on-year. “We now forecast a full year average price of $35.66 in 2011, and expect further price strength [...]
Silver prices tumbled by Rs 572 to Rs 54,679 per kg in futures trading today, as traders reduced their holdings, triggered by a weak trend at spot market on sluggish demand. A weak trend overseas also influenced the trading sentiment. At the Multi Commodity Exchange, silver for delivery in December tumbled by Rs 572, or 1.04 per [...]
Gold prices extended losses on profit-booking in Friday’s trade at the domestic bullionmarket amid lower buying interest from jewellers and stockists on the back of falling European market. Silver also witnessed heavy speculative sell-off following reduced industrial offtake. Standard gold (99.5 purity) dropped by Rs 225 per 10 grams to finish at Rs 28,415 from Thursday’s [...]
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