Silver advanced by Rs 2,400, while gold added Rs 275 per 10 grams today on brisk buying by stockists and speculators, triggered by a strong rally overseas.
The cautious conservative approach of investors shows much lower participation in the market activity today. While the heavyweights have lifted up the market from yesterday's lows, volumes are still ailing, says Udayan Mukherjee of CNBC-TV18
It is start of a new week; with no EGoM meeting as was expected, there is not much to look forward in the local front. All eyes therefore need to be on the global markets, says CNBC-TV18’s Udayan Mukherjee. However, the global market cues are not too good.
A lot is set to happen around the globe this week. As the overseas markets are sailing volatile waters, here’s a lowdown of all that is scheduled to matter most.
Silver continued its record spree for the sixth straight session today by rising Rs 650 to Rs 59,250 per kg on frantic buying by stockists and speculators, amid strong global cues.