US EditionSafe Haven No More? Why Gold, Silver Prices Are Crashing Despite War
9 Articles
9 Articles
Silver crashed in a week, and gold also slipped ₹13,000. Gold and silver prices have seen a sharp decline in recent days, a reversal of the general trend. Their prices typically rise during times of global tension, but amid the ongoing conflict in the Middle East, both metals are under pressure. Silver prices have fallen significantly over the past week, falling by nearly ₹32,000 per kg on the Multi Commodity Exchange.
A person walks past a poster of American gold and silver coins in front of a precious metals dealer (stock photo) (Photo by OSCAR DEL POZO / AFP via Getty Images) Getty Images Gold and silver prices fell sharply at the start of the week. Gold lost four percent on Monday to just over $4,300 per troy ounce. Silver fell five percent to $64.25. The precious metals thus continued their downward trend. Gold has lost more than 18 percent of its value s…
Gold, silver plunge up to 6 pc on global weakness, rupee hits 93.84 against US dollar - tennews.in: National News Portal
Mumbai, March 23 (IANS) Gold and silver prices in India traded sharply lower on Monday, tracking weakness in global bullion markets amid rising concerns over inflation and potential interest rate hikes following escalating US-Iran tensions. On the Multi Commodity Exchange (MCX), gold futures dropped steeply at the opening. Gold futures (April 2) fell as much […] The post Gold, silver plunge up to 6 pc on global weakness, rupee hits 93.84 against…
Gold & Silver prices: Mideast conflict fuels volatility; Is recovery ahead?
New Delhi: Gold and Silver prices have been fluctuating ever since US-Israel attacked Iran, with Tehran retaliating with strikes against Tel Aviav and US bases and energy plants in countries such as Saudi Arabia. Analysts are of the view that Gold and Silver are likely to consolidate with a mild recovery bias this week after a sharp correction was witnessed in the last week. “In the week ahead, gold price may see some consolidation and slight re…
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