In global markets, both precious metals continued downward spiral
Demand is drying up at these price levels as consumers wait for correction before they buy
After consolidating for a few days, gold and silver prices spiked yesterday on fears that inverse short- and long-term bond yields in the United States will lead to recession
Both are rising steadily, but the yellow metal is the preferred choice due to less volatility
The metal was a laggard for some time but it seems to have bounced back, with short positions in international exchanges getting covered
Globally, gold and silver were trading a shade higher at $1,517.30 and $16.96 an ounce
2019 has been one of the best years for gold investors as the metal has delivered returns of 12.5 per cent so far
Experts say silver may give healthy returns in the near term
Expectations of a weak dollar and support from gold will help silver prices recover, say experts
Investors have started betting big on silver amid hopes of a sharp upswing in its prices in the calendar 2018.Despite immense of potential for an increase following improvement in industrial commodities' prices, silver remained an underperformer in calendar 2017 with a mere 6.3 per cent of returns in dollar terms and nearly 4 per cent loss in the rupee value. By contrast, all asset classes in commodities segments like base metals, crude oil etc yielded returns upto 30 per cent.Considering silver to remain a weak performer for 2017, leading global investment bank Goldman Sachs forecast, silver to fare better than gold in calendar 2017."Typically, silver tends to outperform gold at the current state of the business cycle, as it is more strongly leveraged to global growth given its significant industry use. However, the relationship broke down post-2011, as price induced silver industrial demand to diverge from the growth of business cycle. Now, we are finally beginning to see evidence ..
Gold held steady at Rs 28,780 per 10 grams
In the futures segment of the MCX, silver prices had fallen by 15 per cent in the Dec quarter
While silver has the potential to appreciate further, do take into account commission and storage cost
Down Rs 350; Gold held steady at Rs 31,150 per 10 grams
Silver has been an high beta commodity with prices rising and falling fast in comparison to gold
In the international market, silver fell 0.80% to $19.85 an ounce in Singapore
Gold extends slide for third day, sheds Rs 150 at Rs 30,700 per ten grams as demand from jewellers dries up
Metal adds as much as Rs 2,260, or 5%, to close at Rs 47,340 a kg, the highest since March 2014
Silver weekly-based delivery to continued its upward journey and edged up by Rs 30 to Rs 45,200 per kg
Market quoting at a huge discount as price crosses Rs 45,000 in India