Silver traded at its lowest in international markets since May 2009 and crude oil, metals did their worse since 2016.
Equity class has seen a massive sell-off and investors are looking for assets to sell not bothering to see which asset to sell but finding which assets they can sell.
Brokers facing margin calls, started selling all commodities to pay for losses
This ratio suggests how many ounces of silver can be bought with one ounce of gold
The metal has gained as much as 5.5% so far this week as worries over the coronavirus sent investors scurrying for safe-havens
Rupee's ride from 71.80 to 73.20 was ferocious as in just three trading sessions, it lost more than 1.5 per cent
Experts see the real recovery may prove evasive if virus continues to spread
Investors book profits amid fears that a large sell-off in equities will have a spillover effect on a safe-haven asset like bullion
India's demand has been muted especially since import duty was raised to 12.5 per cent last July
"Spot gold of 24 karat in Delhi was trading up by Rs 75 with rupee depreciation," HDFC Securities Senior Analyst (Commodities) Tapan Patel said.
Commodities Outlook & Stock recommendation by Bhavik Patel - Sr. Technical Analyst
Commodities Outlook & Stock recommendation by Bhavik Patel - Sr. Technical Analyst
In the past, and even to some extent today, silver jewellery used to be an accurate indicator of a family's creditworthiness
Commodity outlook and trading ideas by Bhavik Patel - Sr. Technical Analyst (Commodities), Tradebulls.
Commodity outlook and trading ideas by Bhavik Patel - Sr. Technical Analyst (Commodities), Tradebulls.
Rupee opened on a flat note and appreciated by 3 paise to 71.32 against the dollar in early trade on Thursday
The drawback rates have been raised to Rs 372.9 per gram for gold jewellery from Rs 272 per gram, according to a notification of the finance ministry
Gold prices have been surging for the last few days and had hit Rs 36,970 mark on Monday
In India, silver has been a preferred asset for traders and stockists
The markets came off by 10% between June and September