Now Reading: Silver and gold futures rise on fresh buying, spot demand
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Silver and gold futures rise on fresh buying, spot demand
Silver futures on MCX rose 0.09% to Rs 2,46,819 per kg on August 24, driven by fresh position building by participants, according to PTI. In the overseas market, silver dipped 0.19% to…
Silver futures on MCX rose 0.09% to Rs 2,46,819 per kg on August 24, driven by fresh position building by participants, according to PTI. In the overseas market, silver dipped 0.19% to $68.86 per ounce.
Gold futures on MCX gained 0.79% to Rs 1,63,721 per 10 grams, supported by firm spot demand and new buying by speculators. Globally, gold rose 0.99% to $4,648.78 per ounce in New York.
Both precious metals moved higher in domestic trade despite a slight weakness in international silver. The next direction depends on whether spot demand sustains and global prices hold current levels.
Indian Opinion Analysis
All three sources present near-identical wire copy via PTI, with no editorial slant or selective framing. The only difference is temporal: Source-1 reports a break-out from consolidation before a dip, while Sources-2 and 3 report the same day's fresh-position buying. The measured takeaway is that silver and gold are moving on technical factors and spot demand, not macro news. Watch whether silver holds above Rs 2.42 lakh or falls back into its August range.
Coverage: 3 sources, 3 neutral
Sources (3): ndtvprofit.com (neutral report), thehindubusinessline.com (neutral report), thehindubusinessline.com (2) (neutral report)
This story was synthesised by AI from the 3 sources linked above.
Updated: this story now draws on 3 sources.
