MIRAEAMC - METAL (METAL)
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Gold futures climb to ₹1.43 lakh as Fed holds rates, silver slips
Gold prices swung after the Federal Reserve kept rates unchanged, with domestic futures rising to ₹1.43 lakh per 10 gm on firm spot demand while international bullion slipped as markets digested Fed signals. Silver futures declined to ₹1.93 lakh per kg, diverging from gold's domestic strength. Traders are now awaiting US inflation data for the next directional cue.
Silver futures rise 0.27% to ₹2.08 lakh per kg
Silver prices rose 0.27 per cent to ₹2.08 lakh per kg in futures trade on Thursday amid a firm global trend. On the Multi Commodity Exchange, the white metal for December delivery rose by ₹561 or 0.27 per cent, to ₹2,08,899 per kilogram in a business turnover of 3,125 lots. Fresh positions built by participants led to a rise in silver prices, analysts said.
Silver futures fall ₹1,955 to ₹2.40 lakh per kg
Silver prices on Monday fell by Rs 1,955 to Rs 2,40,489 per kilogram in futures trade as participants reduced their bets. On the Multi Commodity Exchange, silver contracts for December delivery declined by Rs 1,955, or 0.81 per cent, to Rs 2,40,489 per kg in a business turnover of 2,004 lots. Analysts said a sell-off by participants mainly weighed on silver prices.
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