Silver gained after the biggest loss since August, with markets calming following the buying frenzy that sent prices to an eight-year high earlier this week.
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Budget 2021: Govt Reduces Custom Duty on Gold and Silver
Budget 2021: Finance Minister Nirmala Sitharaman announced that the custom duty on gold and silver will be rationalised to bring them closer to previous levels. The move will reduce the prices of the precious metals.
Silver Prices Spiked After Demand for Bars And Coins
Silver prices spiked after retail sites were overwhelmed with demand for bars and coins at the weekend. Comments on Reddit forum r/WallStreetBets suggested people buy exchange-traded funds linked to the metal because prices have been kept artificially low.
Buy Gold MCX Tips Today (FEB) 48800 Target 48950 – Open SL Paid
Buy Gold MCX Tips Today (FEB) 48800 Target 48950 – Open SL Paid. Gold prices gained strengthened and silver too was up more than 1 percent in Indian markets in the morning trade on January 29. On the Multi-Commodity Exchange (MCX) track gold prices, February gold contracts were trading higher by 0.25 percent at Rs 49,056 for 10 grams at 0920 hours. March silver was trading 1.3 percent higher at Rs 68,522 a kilogram.
Gold MCX Tips Today Both Call Hit Rona Mana Hai – Gold Next Move?
Gold MCX Tips Today Both Call Hit Rona Mana Hai, Trade With Neal Bhai. Gold witnessed a dramatic turnaround during the early North American session and rallied over $20 in the last hour.