Silver Financial News

Silver also plunged by Rs 600 to Rs 71,500 per kilogramme. «Gold edged lower on Friday, with spot gold prices in the Delhi markets trading at Rs 59,240/10 gram, down by Rs 110 per 10 gram,» Saumil Gandhi, Senior Analyst — Commodities at HDFC Securities, said.

Silver also jumped Rs 600 to Rs 72,100 per kg. «Spot gold prices in the Delhi markets trading at Rs 59,350/10 grams, up by Rs 70 per 10 grams as the bullion prices got support from a weaker rupee, which has depreciated almost 0.60 per cent against the US dollar,» Saumil Gandhi, Senior Analyst — Commodities at HDFC Securities, said.

₹59,280 per 10 gram in the national capital on Wednesday. However, silver climbed by ₹200 to ₹71,500 per kilogram.

₹130 to ₹59,280 per 10 gram in the national capital on Tuesday amid strong global cues. The yellow metal had ended at ₹59,150 per 10 gram in the previous trade. Silver also jumped ₹100 to ₹71,300 per kg.

Gold price edged higher by Rs 130 to Rs 59,280 per 10 gram in the national capital on Tuesday amid strong global cues, according to HDFC Securities. The precious metal had ended at Rs 59,150 per 10 gram in the previous trade.Silver also jumped Rs 100 to Rs 71,300 per kg.

Silver, however, tumbled Rs 550 to Rs 70,700 per kilogramme. «Gold slightly recovered from three-month lows on Friday, with spot gold prices in the Delhi markets trading at Rs 59,030/10 grams, up by Rs 80 per 10 grams,» Saumil Gandhi, Senior Analyst — Commodities at HDFC Securities, said.

Graphic designers have an old saying: “Your project can be fast, cheap or good — pick two.” It’s a classic trilemma. Rushing to create something might mean it’ll be delivered quickly, and therefore less expensive. Then again, the end product could be disappointing. If customers go the “cheap and good” route instead, they’re willing to wait a while — it’s going to take time, and projects that pay better will be prioritized.

Fear, uncertainty, and doubt (FUD) about Bitcoin stemming from the collapse of a single bank contributed to its downward trend earlier this week.

The U.S. stock market approaches a crucial turning point as uncertainty over inflation rises after hotter-than-expected economic data released in February. Despite mounting investor worries, the economy is showing signs of resilience that could protect against a significant downside move. 

The price of Ethereum's native token, Ether (ETH), shows a growing conflict among traders about the market direction for March. This uncertainty has resulted in ETH price consolidating inside a narrow sideways range between $1,600 and $1,700 since Feb. 15.

The United States Securities and Exchange Commission (SEC) has started ramping up its crackdown on the crypto industry and recent enforcement actions had a negative impact on crypto prices last week and at the start of this week. 

Remember when Sam Bankman-Fried admitted to being a significant donor to the Democratic and Republican parties? Well, the recipients of the tainted money have been formally requested to return the funds to FTX’s creditors. So far, we know of three prominent Democratic groups — the DNC, the Democratic Senatorial Campaign Committee and the Democratic Congressional Campaign Committee — that have returned SBF-linked donations in December 2022. Will the rest follow? 

On this week’s episode of Market Talks, Cointelegraph welcomes Magdalena Gronowska, co-founder of Citadel 256 and senior consultant at MetaMesh — a blockchain consultancy and building platform.

The collapse of crypto exchange FTX, reflected in its US bankruptcy filing, has delivered another blow to digital token prices. These had already plunged in response to drops in equity and bond prices.

Digital Rupee (or the e₹), it indicates the design choices that the RBI is inclining towards to pursue these motivations, it briefly charts a forward-looking path till the launch of the e₹, and it pushes policy debate into the next gear – from speculation to contentions on merits on motivations, design, outcomes. Yet, misalignments abound – particularly about what the RBI expects of the e₹ and what it can be reasonably expected to deliver. One example is the impact a CBDC would have on the wider adoption of crypto assets and stablecoins. Globally, central bankers are divided in opinion on whether the emergence of crypto assets led to an acceleration of their CBDC projects: in a May 2022 survey by the Bank for International Settlements, six out of ten respondent central banks agreed. This may have been because a clear assessment of the adoption of crypto assets for different use cases and their impact on the economy appears to have so far eluded policymakers: the same survey indicated that a majority of central banks largely characterized the use of crypto assets in their jurisdictions – both in relation to domestic payments and cross-border payments, as “use by niche groups” and “trivial or no use”. Earlier in February 2022, the Financial Stability Board (FSB) had acknowledged significant data gaps that made an assessment of the impact of crypto assets on financial stability difficult to identify and quantify.

crypto assets led to an acceleration of their CBDC projects: in a May 2022 survey by the Bank for International Settlements, six out of ten respondent central banks agreed. This may have been because a clear assessment of the adoption of crypto assets for different use cases and their impact on the economy appears to have so far eluded policymakers: the same survey indicated that a majority of central banks largely characterized the use of crypto assets in their jurisdictions – both in relation to domestic payments and cross-border payments, as “use by niche groups” and “trivial or no use”. Earlier in February 2022, the Financial Stability Board (FSB) had acknowledged significant data gaps that made an assessment of the impact of crypto assets on financial stability difficult to identify and quantify. The RBI’s stated expectation is that the e₹ will provide the benefits of virtual currencies but at the same time protect financial consumers and avoid the ‘damaging social and economic consequences’ of crypto assets. If it’s too good to be true, it usually is, and this appears to be the case with the RBI’s projection of the e₹ as being a panacea to the many risks associated with crypto assets and stablecoins.

It’s been more than 2 weeks since Ethereum’s Merge happened. However, the hype that existed before the event died down soon, with the event followed by disinterest in the cryptocurrency. Glassnode recently confirmed this outcome after observing a sustained drop in ETH Open Interest in perpetual Futures contracts.

Markets briefly flashed green on Sept. 27 as equities markets bounced back from Sept. 26’s pullback, bringing the Bitcoin (BTC) price back to the long-term descending trendline resistance, which currently resides at $20,100. 

Disclaimer: The Industry Talk section features insights by crypto industry players and is not a part of the editorial content of Cryptonews.com.

Disclaimer: The text below is a press release that is not part of Cryptonews.com editorial content.

Nirmala Sitharaman's written response in Parliament again brought the 'spotlight' to crypto assets or virtual currencies (VCs) as she called for 'global collaborations' to prohibit these assets. However, the industry, as always, is reading too much between the lines, taking out the positive for the industry with some silver lining for the stakeholders. "Cryptocurrencies are by definition borderless and require international collaboration to prevent regulatory arbitrage. Therefore any legislation for regulation or for banning can be effective only after significant international collaboration on evaluation of the risks and benefits and evolution of common taxonomy and standards," FM's reply said.