Silver followed suit to recapture the Rs 41,000-mark by climbing Rs 1,050 to Rs 41,350 per kg on increased offtake by industrial units and coin makers.
Symbol: SILVER| Contract: Jul, 2017| Category: Bullion
- Add to Portfolio
- Add to Watchlist
- Add to Alert
Compare performance of vs. Peers
Color code for performance of Peers
- 5% and above
- 2% to 5%
- 0.5% to 2%
- -0.5% to 0.5%
- -2% to -0.5%
- -5% to -2%
- -5% and below
Silver's Latest News
Traders said demand weakness brought on by the end of wedding season at the domestic spot market kept up the heat.
Gold firmed up 0.31 per cent to $1,204.50 an ounce and silver 0.44 per cent to $17.02 an ounce in New York yesterday.
Gold prices saw a sharp downturn on Friday, plunging as much as Rs 400 to an over 2-month low of Rs 28,850 per 10 grams.
Marketmen said a weak trend overseas as investors anticipate higher borrowing costs in the US next week that strengthened the dollar and eroded demand for the precious metals as a safe-haven, mainly dampened the sentiment.
Traders said apart from a weak trend overseas, fall in demand from local jewellers and retailers following end of the marriage season mainly pulled down gold prices.
More from News »
Silver's Latest Videos
Lumax Industries Looking to Double Turnover in 5 Years
Gadget Guru Game Review: Silver Lining and more
Great Indians: Madhur Jaffrey
The World This Week: A mutiny in Bollywood (Aired: September 1992)
Expect gold and silver to correct: Nitin Nachani
Buy gold, silver in near term: Geojit Comtrade
Buy gold, silver at lower levels: Anand Rathi
Post Your Comments
Latest Research Report on Silver
More from Gainers»