Silver Financial News

₹ 59043 per 10 gm on Multi Commodity Exchange (MCX). MCX Gold for October 5 delivery went on to hit an intraday high of 59056, and a low of ₹59017.

₹ 59,347per 10 gm on Multi Commodity Exchange (MCX), and went on to hit an intraday high of 59,384, and a low of ₹59,336. Around 9.10 a.m., MCX Gold for October 5 delivery traded 0.05% per cent lower at ₹59364 per 10 grams.

reliance on personal vehicles, thus aiding in traffic decongestion and pollution reduction, all while generating employment opportunities for hundreds of thousands of young people otherwise lacking the specialized skills for traditional job markets. Going by what the ride-share companies are saying, a lot of these objectives appear to have been met.

Silver also plunged Rs 400 to Rs 77,100 per kg. Gold prices retreated from a multi-week high amid mixed US economic data and an uptick in the dollar index, Saumil Gandhi, senior analyst — Commodities at HDFC Securities, said. In the international markets, gold and silver prices were down at USD 1,942 per ounce and USD 24.50 per ounce, respectively. «Focus now shifts to manufacturing PMI data from major economies and to the all-important US unemployment rate and non-farm payrolls data scheduled later in the evening, which could trigger further volatility in bullions,» Navneet Damani, senior vice-president of commodity research at Motilal Oswal Financial Services, said.

₹59,296 in the domestic market. Around 9.06 a.m., MCX Gold for October 5 delivery traded 0.11 per cent lower at ₹59310 per 10 grams.

₹59,490 per 10 gm on Multi Commodity Exchange (MCX), and went on to hit an intraday high of 59,520, and a low of ₹59,420 in the domestic market. Around 10 a.m., MCX Gold for October 5 delivery traded 0.05 per cent lower at ₹59447 per 10 grams. Gold price on Thursday, August 31 stood at ₹54850 per 10 grams for 22 carats, and ₹59820 per 10 grams for 24-carat in the spot market.

Silver Lake is evaluating a potential debt deal to pay itself a dividend out of Ticketek owner TEG, its entertainment portfolio company that has been the subject of an estimated $2 billion sale campaign for at least three months.

On the latest episode of The Market Report, Cointelegraph analyst Marcel Pechman delves into Grayscale’s victory against the United States Securities and Exchange Commission. Even though there’s still no decision regarding the firm’s application for a spot Bitcoin (BTC) exchange-traded fund, the decision was favorable for Grayscale and its Grayscale Bitcoin Trust, which has over $16 billion in assets under management.

Silver also bounced Rs 400 to Rs 77,500 per kg. «Gold advanced on Wednesday, with spot gold prices in the Delhi markets trading at Rs 60,100/10 gram, up by Rs 300 following positive cues from overseas markets. »Investors will now monitor the US ADP private employment and estimate of Q2 gross domestic product data which is due later today," Saumil Gandhi, senior analyst, commodities at HDFC Securities, said. In the global markets, both gold and silver were trading higher at USD 1,936 per ounce and USD 24.60 per ounce, respectively. Gold rallied to its three-week highs as the dollar and treasury yields slipped amidst weak economic data points, said Navneet Damani, senior vice-president of commodity research at Motilal Oswal Financial Services.

₹54850 per 10 grams for 22 carats, and ₹59820 per 10 grams for 24-carat in the spot market. Gold prices traded with gains in the morning session in the domestic futures market on Wednesday.

₹90,000 per kg by December 2023, analysts said. The gold-silver ratio was around 85 in the beginning of August, now has come down to around 79.1. The gold-silver ratio is a metric used to understand the relationship between the values of gold and silver.

₹54600 per 10 grams for 22 carats, and ₹59550 per 10 grams for 24-carat in the spot market. Bangalore- Rs59400 Chennai- Rs59750 Delhi- Rs59550 Kolkata- Rs59400 Mumbai- Rs59400 Pune- ₹59450 Bangalore- ₹54450 Chennai- ₹54750 Delhi- ₹54600 Kolkata- ₹54450 Mumbai- ₹54450 Pune- ₹54450 However, the rates mentioned above do not include GST, and other levies. 24k gold is available in the market in the form of bars and coins.

Last week, everyone had their eyes fixed on what Jerome Powell would say at the Jackson Hole event. The big question was whether he'd once again try and sound cautiously hawkish.

Neeraj Chopra scripted history on Monday by becoming the first Indian to win gold medal in World Athletics Championships with 88.17 meter throw in second attempt, which was his best and kept him at the top. Chopra won Olympic gold in Tokyo but managed only a silver at the worlds in Eugene last year. The only other Indian to win a medal at the worlds was Anju Bobby George, who took bronze in the women's long jump in 2003 in Paris. Chopra soared into the lead on his second attempt with an 88.17 metre effort, with the 25-year-old turning his back and celebrating in trademark fashion with his arms aloft immediately after his throw, knowing it was good.Pakistan's Nadeem, coming back from elbow surgery and a knee injury, produced his season's best effort of 87.82 on his third attempt to win the silver medal, while the Czech Republic's Jakub Vadlejch took the bronze with 86.67. The reigning Olympic champion had qualified for the final with a throw of 88.77 in only his first attempt on Friday.

Comparative Valuation Analysis: This ratio functions as a yardstick to assess the relative cost of gold in relation to silver, offering insights into the comparative worth of these precious metals. Measure of Purchase Power: The ratio's calculation aids in determining the quantity of silver essential to procure one ounce of gold, a pivotal metric for investors evaluating potential transactions.

₹54,650 per 10 grams for 22 carats, and ₹59,600 per 10 grams for 24-carat in the spot market. Silver prices remained stable at ₹73849 per kg.

Over the past month, gold and silver prices have been declining, mainly due to a stronger US dollar and the possibility of continued interest rate hikes by the Fed.

₹54,300 and ₹59, 220 respectively. Gold prices moved up in the domestic futures market on August 23. MCX Gold for October 5 series traded 0.07 per cent higher at ₹58863 per 10 grams around 12:09 pm.

Silver also zoomed Rs 800 to Rs 75,300 per kilogram. «Gold gained for the second consecutive day on Wednesday, with spot gold prices in the Delhi markets trading at Rs 59,500/10 grams, up by Rs 90, taking positive cues from overseas markets,» Saumil Gandhi, Senior Analyst — Commodities at HDFC Securities, said. In the international markets, gold and silver were up at USD 1,903 per ounce and USD 23.75 per ounce, respectively. «Gold and silver continue to inch higher, amidst a slight pullback in US dollar and treasury yields ahead of a central bankers' gathering that could provide cues on interest rates outlook,» Navneet Damani, Senior Vice President — Commodity Research at Motilal Oswal Financial Services, said.

However, silver remained flat at Rs 73,500 per kilogram. Gold was trading slightly higher amid a weaker rupee and risk-averse sentiments, Dilip Parmar, Research Analyst at HDFC Securities, said. In the global markets, gold was down at USD 1,888 per ounce, while silver was flat at USD 22.75 per ounce. «Gold traded steady after marking its third straight weekly dip as sound US economic data raised bets for interest rates staying higher for longer. »Investors' focus will be on the Federal Reserve chair Jerome Powell's speech on Friday, as central bankers from around the world assemble in Jackson Hole for their annual conference," said Navneet Damani, Senior vice-president, Commodity Research at Motilal Oswal Financial Services.

silver funds in the market, with six schemes that have completed one year in the market.HDFC Silver ETF lost the most at around 7.99%, followed by Aditya Birla Sun Life Silver ETF which lost 7.15%, and Axis Silver ETF that lost around 7.04%. Most schemes lost around 6% in one month.