Silver MCX Bole Boom Boom, Watch High 75751, Rona Mana Hai Trade With Neal Bhai, — Rising cases of COVID-19 across the world especially in the US has lead analysts to believe that another round of stimulus could be in the offing. The world’s largest economy has already announced a $3 trillion stimulus package, but the Democrats have asked for an addition $400 billion in fiscal measures. The two sides have been negotiating for a week now.
Gold Silver Prices
MCX Silver Above 64700 Target 67000—72000 – Neal Bhai Reports
Silver yesterday settled up by 0.05% at 61223 on hopes of recovery in industrial demand. Prices also rallied amid safe-haven demand as investors fretted over rising coronavirus cases around the world, disappointing jobless claims data and worsening U.S.-China tensions.
MCX Gold Prices Hits 7 Year Life Time High
Gold Prices is advancing for the 8th straight session on Thursday and has climbed for 12 out of the past 13 sessions amid increased flows into safe havens. The metal’s historical value and scarcity, in addition to the fact that it is non yielding mean it’s a popular hedge for those expecting the financial markets to slump in the near future.
Gold Rates Up for 3rd day, Silver Prices Surge
Silver and gold rates gained in Indian markets today, lifted by higher global rates. On MCX, February gold futures rose 0.52% to ₹40,560 per 10 gram, extending gains to the third day. Tracking gold, silver also edged higher.
Yellow Metals: Gold, Silver Slump in Futures Trade on Low Demand
Gold prices on Friday fell by Rs 304 to Rs 37,962 per 10 gram in futures trade amid profit-booking by speculators on low demand.