Page 2 - Silver Prices News Today

NewswrapIndia: Today's Gold and Silver Prices: Amidst a strengthening trend in metal prices in the international market, the price of silver in the bullion

In a post on X, Agarwal said metals such as copper, aluminum, zinc, and silver are fundamental to new-age technologies.

India Business News: Gold and silver prices opened with little movement on the Multi Commodity Exchange (MCX) on Tuesday following a weakening of the US dollar after softer-than-expected US jobs data.

Market uncertainty surrounding the interest rate cycle and potential cuts ahead contributed to the downward pressure on gold prices.

Spot gold experienced a rise of 0.8%, reaching $2,320.95 per ounce by 1503 GMT. Additionally, U.S. gold futures for June delivery saw an uptick of 0.9%, reaching $2,329.70 per ounce.

In the case of physical gold, the expected returns would depend on the current gold price. For gold ETF, the value would depend on the price of the ETF.

COMEX Gold prices closed marginally down at the start of the week as investors await Fed policy and US Jobs data this week.

Spot gold experienced a 0.2% drop, reaching $2,333.29 per ounce. Similarly, U.S. gold futures showed a decrease of 0.1%, settling at $2,344.60.

The US economic data for Q1 2024, including an annualised 1.6% expansion and a surge of 3.7% in the core PCE price index, has significant implications for gold prices.

Silver price was around ₹69,000-odd levels in the last week of February but they are now trading near the ₹81,000-odd levels.