Silver Prices Jump 13.3% Locally in a Week, Reaching Highest Level Since 2011 Globally
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The Centre for Research ' s Safe Harbour revealed a 13.3% rise in silver prices in domestic markets during last week ' s dealings, in conjunction with a 4.4% rise in world stock prices to close at its highest level since August 2011, driven by a fall in the United States dollar, growing industrial demand, and growing market expectations about the Fed ' s trend towards more monetary policy during...
Silver Prices Jump 13.3% Locally in a Week, Reaching Highest Level Since 2011 Globally
The Safe Haven Research Center reported that silver prices in local markets surged by 13.3% during last week’s trading, alongside a 4.4% increase globally, closing at their highest level since August 2011. The rally was driven by a weaker U.S. dollar, rising industrial demand, and growing market expectations that the Federal Reserve will move toward further monetary easing in the coming period.
Gold Price: Last week, a huge jump was recorded in the prices of gold and silver in the Indian market, due to which both the precious metals are remaining close to their all-time high. Gold Price: According to the data of India Bullion and Jewellers Association (IBJA), 24 carat gold has become costlier by ₹3,692 in this one week, while the price of silver has seen a huge jump of ₹7,510 per kg. Gold Price: According to IBJA, the price of 10 grams…
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