Gold rate crashes over ₹47,000, silver price plunges by ₹1.94 lakh from peak on MCX: Why experts still say ‘buy’

Gold and silver prices are undergoing a deep correction due to hectic profit booking amid an increase in CME precious metals margin requirements, the dollar’s rise, and easing geopolitical tensions. Stellar gains since last year drove gold and silver rates to unprecedented levels, causing demand fatigue and profit booking. Gold rate on MCX (February futures)…

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Key reasons why silver price is rising

The chart of silver looks incredible. The recent gains have been parabolic. Usually, when we see such fast gains, there is always talk of a correction. But so far, the bears have been proven wrong repeatedly… at $50, at $60, at $70, at $80, and now silver has crossed $90 per ounce. The magical three…

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Gold rates today: MCX gold breaks record again at ₹1,38,676 per 10g; silver approaches ₹2.25 lakh per kg

Gold rate extended its record-breaking run during Wednesday’s session, December 24, registering yet another historic high and marking the third consecutive day of fresh record levels. Renewed geopolitical tensions, particularly between the US and Venezuela, boosted demand for safe-haven assets. A weakening US dollar, amid growing expectations of further monetary easing by the Federal Reserve…

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