Gold, silver rate today: Silver prices plunged 11% on Tuesday, reversing gains after touching a more than four-week high a day earlier. Gold price also fell paring early gains. The sharp fall in precious metals came as the US dollar climbed to a one-month high, offsetting safe-haven flows triggered by an escalating US-Israeli air war…
Gold and silver prices: The latest escalation in Middle East tensions, as the US and Israel stepped up their war against Iran, while Tehran threatened a full closure of the Strait of Hormuz, investor sentiment has turned risk-off. This, in turn, has driven safe-haven demand and gains in precious metals like gold and silver. After…
Gold rate today: Gold prices, which had maintained an uninterrupted run over the past year, nosedived sharply in recent sessions, marking one of the biggest crashes in recent history. Investor sentiment toward the safe haven was hit amid concerns over a firm US dollar and the nomination of Kevin Warsh as the next Federal Reserve…
MCX Share Price Crash: Amidst the sharp turmoil in the commodity market, heavy selling was seen in the shares of Multi Commodity Exchange (MCX) on Saturday, February 1. MCX shares fell by about 17% and reached the lower circuit of Rs 2,146. This is the biggest fall in the stock in 5 years. The main…
The commodity markets were in a chaotic situation on January 30 when most major metals hit lower circuits- silver crashed 30% and gold plunged 15%. According to Zerodha’s founder and CEO, Nithin Kamath, this commodity market crash has a key lesson for investors: trade only with money you can afford to lose because when markets…
The sharp sell-off in precious metals deepened during Friday’s afternoon session, gold and silver futures on the MCX plunging as much as 15% after opening up to 4% lower earlier in the day. MCX February gold futures slid 9%, or ₹15,000 per 10 grams, to ₹154,157 in afternoon trade. From record highs, the yellow metal…
Precious metals – gold and silver – came under heavy selling pressure in Friday’s trading session, impacted by a firm US dollar and profit-taking by investors after a sustained rally that had pushed both metals to multiple record highs. Silver, which had outpaced gold in the recent rally, plunged ₹72,000 per kilogram, or 20%, in…
Gold, silver price crash: A sharp selloff gripped the precious metals market in Thursday’s trading session, January 29, causing gold prices to crash almost 6% and silver prices to tumble 8%. Both gold and silver retreated sharply from their all-time high levels as the US dollar strengthened and amid a decline in the US stock…
The sell-off in gold and silver accelerated further in Thursday’s trading session, as a strong US dollar is making dollar-priced commodities more expensive for holders of other currencies. Gold February futures tumbled by 1,566 per 10 grams to reach the day’s low of 136,443, extending losses for the second consecutive session. Yet, prices still remain…
Gold and silver prices gave up some of their recent gains in Wednesday’s session, as the continued rally in both precious metals appeared to trigger booking profit. Traders were also holding their positions ahead of key US economic data later this week, while a strengthening US dollar contributed to the sharp pullback. Gold February futures…
