Gold futures climbed Tuesday to settle at a nearly nine-year high and silver rallied to prices not seen since 2014, with the precious metals lifted by an agreement on a fiscal rescue plan by European leaders and expectations for additional spending by the U.S. government.
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Silver Rates Soar to Multi-Year High of Rs 55,510, Gold Prices up Rs 156
Silver rates on Tuesday soared in Indian markets, in tandem with firm global rates. Silver prices today surged by Rs 1,495 to Rs 55,510 per kg in futures trade as participants widened their bets on firm spot demand and global cues. On the Multi Commodity Exchange (MCX), September silver futures gained Rs 1,495, or 2.4 per cent, to Rs 55,510 per kg in 18,458 lots.
India’s Gold Imports Dived 86% Year-on-Year in June – GSR
India’s gold imports dived 86% year-on-year in June because of record high prices and as international air travel was banned in response to the COVID-19 pandemic.
Spot Gold Eases As Economic Recovery Hopes Boost Risk Appetite
![MCX Gold Target 98,500 Very Very Soon, Buy on Dips [21 April 2025]](https://goldsilverreports.com/wp-content/uploads/2020/03/gold-052904-gsr.jpg "Spot Gold Eases As Economic Recovery Hopes Boost Risk Appetite 2")
Spot gold fell 0.2% to $1,806.30 by 0046 GMT, after rising to its highest level since September 2011 at $1,817.71. U.S. gold futures eased 0.1% to $1,818.40 per ounce.
Why Gold Prices are Rising Despite Weak Demand at Jewellery Shops
Why Gold Prices are Rising: – Western investors piling into gold in the pandemic are more than making up for a collapse in demand for physical metal from traditional retail buyers in China and India, helping push prices to an eight-year high.