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
In a volatile May when S&P BSE Sensex has slipped 566 points or 0.75%, silver has outsmarted not just the headline index but also its shinier peer gold, and Bitcoin. The white metal has jumped by nearly 11.29% or over Rs 9,580 per kg in this month so far as its industrial appeal returns along … Read more
Gold prices opened on the Multi Commodity Exchange (MCX) on Friday at Rs 69,475 per 10 grams and hit an intraday low of Rs 69,297. In the international market, prices hovered around $2,279.76 per ounce. Meanwhile, silver opened at Rs 79,339 per kg and hit an intraday low of Rs 78,777 on the MCX. In … Read more
Gold prices opened on the Multi Commodity Exchange (MCX) on Thursday at Rs 69,868 per 10 grams and hit an intraday low of Rs 69,755. In the international market, prices hovered around $2,299.87 per ounce. Meanwhile, silver opened at Rs 79,099 per kg and hit an intraday low of Rs 79,099 on the MCX. In … Read more
Gold prices opened on the Multi Commodity Exchange (MCX) on Wednesday at Rs 69,340 per 10 grams and hit an intraday low of Rs 69,309. In the international market, prices hovered around $2,284.06 per ounce. Meanwhile, silver opened at Rs 77,981 per kg and hit an intraday low of Rs 77,189 on the MCX. In … Read more
Gold prices opened on the Multi Commodity Exchange (MCX) on Tuesday at Rs 68,638 per 10 grams and hit an intraday low of Rs 68,580. In the international market, prices hovered around $2,252.19 per ounce. Meanwhile, silver opened at Rs 75,750 per kg and hit an intraday low of Rs 75,310 on the MCX. In … Read more
Gold prices opened on the Multi Commodity Exchange (MCX) on Monday at Rs 68,699 per 10 grams. In the international market, prices hovered around $2,196.32 per ounce. Meanwhile, silver opened at Rs 75,223 per kg on the MCX. In the international market, the price hovered around $24.69 per ounce. Manav Modi, Analyst, Commodity and Currency, MOFSL, … Read more
Candlestick charts are a cornerstone of technical analysis, providing a visually intuitive way to understand price movements in the MCX Gold and Silver markets. By recognising specific candlestick patterns, traders can glean valuable insights into market sentiment and identify potential trading opportunities. Here, we’ll delve into several major reversal candlestick patterns that can be instrumental … Read more
Two weeks ago, I wrote about adding gold to your portfolio. This week it has surged to new all-time highs. Gold is not alone in its rally, it is likely to be joined by silver, too. Silver presents a compelling investment option in the present macroeconomic environment, a volatile and broadly overvalued equity market. This … Read more
Two weeks ago, I wrote about adding gold to your portfolio. This week it has surged to new all-time highs. Gold is not alone in its rally, it is likely to be joined by silver, too. Silver presents a compelling investment option in the present macroeconomic environment, a volatile and broadly overvalued equity market. This … Read more