Silver

October 29, 2024 10:38 PM

India’s festive gold buying spree continues, defying record price

Indian buyers of gold brushed off record high prices and made purchases for the Dhanteras and Diwali festivals starting on Tuesday, hoping bullion would continue to rally and deliver promising returns amid a cooling stock market, industry officials told Reuters. Robust demand in the world's second-biggest gold consumer could further support global prices, which hit record highs last week. Rising demand for imports of gold could also widen India's trade deficit and put pressure on the rupee. "P...

October 27, 2024 10:14 AM

Silver set to outshine gold with target of Rs 1.25 lakh by 2025: MOFSL report

The financial landscape for precious metals appears set for an exciting shift, with silver poised to potentially outperform gold in the coming year, according to the latest report from Motilal Oswal Financial Services Ltd (MOFSL). The firm predicts that silver prices could climb to Rs 1,25,000 per kilogram on the Multi Commodity Exchange (MCX) and reach USD 40 per ounce on the COMEX over the next 12 to 15 months. This forecast comes as silver has already demonstrated remarkable growth in 2024, a...

September 27, 2024 6:40 PM

Gold may touch Rs 77,000, Silver Rs 1 lakh this festive season: experts

Gold and silver prices are trending upward due to strong demand, and experts predict this momentum will continue through the festive season. So far this financial year, gold and silver have seen price increases of nearly 10% and 24%, respectively. Sachin Jain, Regional CEO of the World Gold Council in India, said, "From the Indian perspective, with the customs duty cut in July, that has and will give a big boost to consumption of gold. We broadly foresee that the October-December quarter would ...