MCX Silver Stop Loss Hit……. Call Close – Neal Bhai
Recently, the price has headed higher, bringing down the gold-silver ratio, the all-important indicator of how many ounces of silver would be needed to buy an ounce of gold.
Recently, the price has headed higher, bringing down the gold-silver ratio, the all-important indicator of how many ounces of silver would be needed to buy an ounce of gold.
Silver market took a beating with May futures crashing 3% to ₹39,758 per kg. Gold prices in India had surged sharply lastweek rising about ₹3,000 per 10 gram in tandem with a rally in global rates.
Gold Silver Reports – The U.S. central bank slashed rates by 50 basis points, cutting rates outside the normal cycle of meetings for the first time since 2008. Speculation is rife that the European Central Bank will respond to the Fed’s “decisive” interest rate cut with easing of its own.
India Gold December futures fell in morning trade on November 27 after US President Donald Trump said an interim trade deal with China is close.