Silver Financial News

The newly listed BlackRock iShares Bitcoin ETF trading under the ticker symbol “IBIT” has overtaken the iShares Silver Trust reaching $10 billion in assets under management (AUM).

Robert Kiyosaki, the author of the personal finance book Rich Dad Poor Dad, has reiterated his support for assets like Bitcoin (BTC), gold, and silver as inflation threatens to worsen living standards globally.

Silver also edged up by Rs 100 to Rs 76,400 per kilogram. In the global markets, both gold and silver were trading higher at USD 1,992 per ounce and USD 23.66 per ounce, respectively.

Gold rate today: On account of nosediving US bond yield and US dollar index, gold price today opened upside at ₹60,719 per 10 gm levels on Multi Commodity Exchange (MCX). MCX gold rate further extended its morning gains and went on to hit intraday high of ₹60,774 per 10 gm levels within few minutes of commodity market's opening bell today. In international market, spot gold price is oscillating around $1,982 per ounce levels.

Edelweiss Mutual Fund announced the launch of the Edelweiss Silver ETF. The scheme opened for public subscription on November 16, 2023, and will close on November 20, 2023.

Canadian-Israeli peace activist Vivian Silver, whose family believed she had been taken hostage by Hamas militants during their brutal attacks in Israel on Oct. 7, is dead, according to Global News Canada and multiple sources close to her family.

Salman Khan's much-awaited action-packed spy thriller 'Tiger 3' finally hit the silver screen on 12 November on the occasion of Diwali. Apart from Salman, the film stars superstar actress Katrina Kaif and renowned actor Emraan Hashmi.

Dhiraj Bommadevara clinched India's first Paris Olympics quota in archery when bagged a silver at the Asian Continental Qualification Tournament here on Saturday. After his senior colleague Tarundeep Rai's last-eight exit, Bommadevara was the lone Indian in fray and the 22-year-old did not disappoint, cruising into the final with two straight-set wins.

gold and silver, symbolizing prosperity and good fortune. As you embark on your Dhanteras shopping journey, here's a guide to help you make informed decisions with the following do's and don'ts: Do's: 1.Research Prices in Advance: Prior to Dhanteras, research the current prices of gold and silver. Stay informed about market trends and fluctuations to make purchases at the most favorable rates. 2.Buy Hallmarked Jewelry: When purchasing gold jewelry, ensure it carries the BIS (Bureau of Indian Standards) hallmark. This certification guarantees the purity of the metal and the accuracy of the stated weight. 3.Consider Gold ETFs and Sovereign Gold Bonds: Explore alternative ways of investing in gold, such as Gold Exchange-Traded Funds (ETFs) and Sovereign Gold Bonds (SGBs). These financial instruments provide a convenient and secure means of owning gold. 4.Check Making Charges: Inquire about making charges when buying gold jewelry. These charges are separate from the metal cost and can significantly impact the overall price. Compare making charges across different stores to get the best deal. 5.Verify Purity of Silver:

₹63,000 per 10 grams observed ten days ago, and this has encouraged increased purchases, especially in lightweight offerings, it added. Also Read | Gold vs silver: Which is better for Diwali 2023 Muhurat trading — explained Gold prices have witnessed a decline of ₹800-1,500 per 10 grams (24 carats) from the peak level on October 28, reaching ₹61,200 per 10 grams in the national capital on Friday.

Diwali 2023 Muhurat trading: In India, new investments on Diwali is considered auspicious as it is believed that such investments bring prosperity and sound financial condition. Even though Indian millennials have strated investing in various other tools like properties, mutual funds, bonds, etc on Diwali, gold and silver still score over these investment options by huge margin. However, the situation becomes highly tricky when one has to choose either of gold or silver while choosing an investment option.

Diwali is all about bringing light and joy into our lives, and what better way to do that than by adorning yourself with elegant and affordable silver jewellery? Whether you're looking for traditional pieces or contemporary designs, our collection has something for everyone. Get ready to dazzle and make your Diwali truly unforgettable with Amazon's irresistible discounts on silver jewellery. Don't miss out on this chance to shine brighter without breaking the bank!

Blinkit, the quick-commerce arm of food delivery major Zomato, on Friday reported a surge in sales of gold and silver coins along with other items associated with Dhanteras celebrations. Other quick-commerce platforms such as Swiggy Instamart and Zepto were also selling gold and silver coins on Dhanteras. Dhanteras, also known as Dhanatrayodashi, is the first day of the festival of Diwali across many regions in the country. On this day, purchasing items made of gold, silver and brass is considered to be auspicious, and doing so is perceived to usher in prosperity and success in people’s lives. This year Dhanteras is being celebrated on November 10.

Dhanteras and Diwali are just round the corner and many people prefer to buy silver coins, jewellery and religious artefacts to celebrate these festivals. Silver is a precious metal that holds significant value in Indian culture. Whether for investment, adornment, or religious purposes, purchasing silver is a common practice across the country, especially during the festive time. However, the uninitiated may fall prey to the common misconceptions and pitfalls, jeopardising their silver purchases.

Buying Digital Gold Online: Dhanteras or Dhanatrayodashi marks the beginning of the five-day festival of Deepawali. According to the Hindu mythology, this is the day when Goddess Laxmi emerged from the sea during ‘sagar manthan’. As the day celebrates deity of wealth and prosperity, Dhanteras has the tradition of buying gold and other precious metals. It is said that those who buy gold on Dhanteras will be blessed by Goddess Laxmi. Buying gold on Dhanatrayodashi attracts prosperity in homes. Buying gold on Dhanteras is also said to get rid of negative energy.

Gold price declined Rs 250 to Rs 61,500 per 10 grams in the national capital on Tuesday amid weak cues in the global markets, according to HDFC Securities. The yellow metal had closed at Rs 61,750 per 10 grams in the previous trade.

In a constantly evolving global financial landscape, investors are on the lookout for opportunities to safeguard their wealth and diversify their portfolios. Precious metals have traditionally served as a safe haven for investors during times of economic uncertainty, and silver is no exception. In 2023, it continues to pique the interest of those assessing its investment potential.

High-frequency trading (HFT) firms are offering a king's ransom to hire top IIT brains to help build complex algorithms, establishing themselves among the most coveted recruiters for the Class of 2024. Firms including Quantbox Research, NK Securities Research, Da Vinci and Graviton Research Capital, which operate in the high-stakes world of algorithmic trading, will be signing on fresh IIT talent during the final placements at packages ranging anywhere from Rs 1 crore to Rs 3 crore, some of these firms told ET. Some have also made pre-placement offers.

Karan Taurani, Senior VP, Elara Securities, says on profitability, Zomato has maintained 2.5% kind of a range. They have been guiding for 4% to 5% EBITDA as a percentage of GOV. They are very much well on track for that. In the last two quarters, we saw significant improvement in EBITDA as a percentage of GOV. But, of course, that kind of momentum may not happen in every quarter. So, it has come to a more of a steady state or a phased manner. ” What do you make of the commentary? Is this a bit more muted or the management is being a bit more conservative, you believe? If you look at the growth numbers, it is largely in line, 20% growth on GOV is a mild positive surprise on the food business on a YoY basis. The adjusted revenue has grown 22%, so that positive surprise has been offset by this, clearly because generally what happens is the outperformance of the adjusted revenue is somewhere close to 1.2 to 1.3 times in terms of growth versus the GOV growth, so that is one.

During Diwali, it is a common tradition to exchange gifts as a symbol of love and prosperity. One popular gift choice is silver coins. Gifting silver coins during Diwali holds great significance as it is believed to bring good luck and blessings to the recipient. Silver is considered auspicious and is associated with wealth and purity. This Amazon Sale has covered all the beautiful silver coins that are rare to find in the market, so, wait no longer. Grab your’s today!

Another company is settling fraud charges from regulators amid a widespread crackdown on precious metals dealers that target retirees.