Silver above Rs 93,000: Is it an investment opportunity or a fleeting trend?

Silver above Rs 93,000: Is it an investment opportunity or a fleeting trend?

On Thursday, silver prices on the MCX hovered at Rs 93,400 per 10 grams, hitting an intraday low of Rs 93,325. In the international market, prices maintained a similar trend, hovering around $30.99 per ounce. The silver price paused its downside momentum at the beginning of July and turned positive last week, increasing by nearly … Read more

Will silver prices cross Rs 1 lakh per kg post June 4 election verdict? A perfect storm is brewing

Will silver prices cross Rs 1 lakh per kg post June 4 election verdict? A perfect storm is brewing

Silver prices have been subject to significant fluctuations over the past few quarters due to a complex interplay of factors.  These include economic data points, geopolitical tensions, and market-specific dynamics. On the MCX, it has already surpassed 94,000 on May 22, 2024. While the silver market has experienced significant fluctuations in recent quarters, it’s important … Read more

Gold, silver price on May 27: Yellow metal inches higher after marking worst week in over 5 months

Gold, silver price on May 27: Yellow metal inches higher after marking worst week in over 5 months

Gold prices on the MCX hovered at Rs 72,187 per 10 grams on Monday, hitting an intraday low of Rs 71,725. In the international market, prices maintained a similar trend, hovering around $2,339.25 per ounce. This indicates a certain level of stability in the gold market. Meanwhile, silver hovered at Rs 91,479 per kg to … Read more

Gold, silver price on May 23: Precious metal loses shine, price tumbles as interest rate fears jump

Gold, silver price on May 23: Precious metal loses shine, price tumbles as interest rate fears jump

Gold prices on the MCX hovered at Rs 71,779,681 per 10 grams on Friday, hitting an intraday low of Rs 71,550. In the international market, prices maintained a similar trend, hovering around $2,337.84 per ounce.  This indicates a certain level of stability in the gold market. Meanwhile, silver hovered at Rs 90,562 per kg, hitting … Read more

5% or more than 25%: How much gold should you hold in portfolio when prices are on a roll?

5% or more than 25%: How much gold should you hold in portfolio when prices are on a roll?

How much gold should you hold in your portfolio? Should it remain a conservative 5% or with gold prices on a roll, should the percentage be increased to 25-45%? According to the ASK Private Wealth report titled “Carpe Diem,” a portfolio with an asset allocation of 50:25:25 in Equities:Bonds:Gold has yielded a return of 13.4% … Read more