December Silver News Today

Analysts say investors are undertaking a strategic shift in their portfolios towards precious metals

This comes as the US dollar index is hovering near a three-month low

Meena expects the market to experience some direction and increased volatility as we approach the November month F&O expiry. Apart from this exit polls for the state elections on November 30 will be revealed and Indias GDP number for the third quarter on the same day could be likely triggered this week, the Swastika analyst said.

Taking cues from the international prices, MCX December gold futures opened in the green and were trading at Rs 61105 per 10 gram, up by Rs 33 or 0.05% from the Thursday closing price.

On Comex, gold futures were trading at $1,994.70 per troy ounce on Thursday, up by $1.90 or 0.10% while Silver futures were trading at $23.735, higher by 0.047 or 0.20%.

News of a temporary halt in fighting between Israel and Hamas did not trigger any major move in the market

Taking cues from the international prices, MCX December gold futures opened in the red and were trading at Rs 61,139 per 10 gram, down by Rs 86 or 0.14% from the Tuesday closing price.

Dollar weakens as investors expect US Federal Reserve to cut interest rates next year

Reports of a ceasefire between Israel and Hamas could impact gold prices, analysts say

A softer than estimated US inflation number has triggered a fall in the greenback and raised golds heaven appeal. It has also lifted hopes that the Fed is unlikely to raise interest rates further.