"silver"

Global demand for precious metals has surged significantly in 2024. Central banks around the world, including those in emerging markets, have maintained their status as net buyers of gold for over a decade. This year alone, they collectively acquired over 500 tonnes of gold, highlighting their efforts to diversify reserves in response to ongoing economic uncertainties, according to the report.

Silver has recently delivered strong performance, rising over 40% year-to-date and surpassing ₹100,000 domestically, driven by safe-haven buying and solid industrial demand, according to a report by Motilal Oswal Financial Services Ltd (MOFSL).

On the Multi Commodity Exchange, September silver contracts rose by Rs 682, or 0.85%, to Rs 81,225 per kg in 28,366 lots. Analysts attributed the price increase to new positions taken by participants in response to a positive domestic trend.

The Ambanis, as part of their plans to present gifts to guests from across the globe, have ordered for about 400 artifacts from the Silver Filigree of Karimnagar Handicrafts Welfare Society (SIFKA).

In the previous session, it had closed at Rs 71,850 per 10 grams. Silver prices also jumped Rs 400 to Rs 83,500 per kg.

Scores of NRIs including a significant Telugu NRIs thronged the temple, one of the oldest temples in the Gulf, to witness the grand celebrations. Scores of Telugu NRI community members living in Oman took part in the celebrations.

In view of the mode code of conduct coming into existence and based on a tip-off, RPF officials along with the Government Railway Police carried out a search on the train bound to Secunderabad.

Futures trading was closed in the first half of day on account of the Mahashivratri holiday.

However, the silver prices declined by Rs 400 to Rs 74,500 per kg

Spot gold prices (24 carats) in the Delhi markets are trading at Rs 63,320 per 10 grams, up by Rs 350

In the previous trade, the precious metal had settled at Rs 63,970 per 10 g

Gold prices are likely to rise further on the back of weak dollar and decline in US treasury yields.

The last time the Indian men won a badminton medal in the team championships was at the 1986 edition in Seoul where Sen's mentors Prakash Padukone and Vimal Kumar played a crucial role.

The yellow metal had closed at Rs 58,950 per 10 grams in the previous trade.

In the previous trade, the precious metal had finished at Rs 60,050 per 10 grams.

In the international markets, both gold and silver were trading higher at USD 1,936 per ounce and USD 23.33 per ounce, respectively.

Silver prices on Friday jumped Rs 988 to Rs 71,970 per kilogram in futures trade as participants widened their bets on a firm spot demand.

The momentum in silver is likely to continue, and could add another 15 per cent over the next few quarters, says a report by Motilal Oswal Financial Services

Silver futures on Wednesday dropped Rs 165 to Rs 73,280 per kilogram as participants reduced their bets.

On the Multi Commodity Exchange, silver contracts for September delivery declined by Rs 138 or 0.19 per cent to Rs 73,430 per kg in a business turnover of 7,628 lots.