Silver prices slide on Diwali-day trading; gold holds steady
In the Ahmedabad market during the Diwali Muhurat trading session, silver prices dropped by about ₹5,000, settling at ₹1,65,000 per kg compared to ~₹1,70,000 the prior day. In contrast, gold held roughly steady at ~₹1,32,500 per 10 g. Traders attributed the silver correction to a stronger US dollar and eased US-China trade tensions, which softened safe-haven demand. Meanwhile, festive jewellery purchases remain strong for gold coins and bars. Many bullion dealers expect silver to remain subdued until regular trading resumes post-holiday.
neutral
19h ago
Silver prices slide on Diwali-day trading; gold holds steady
In the Ahmedabad market during the Diwali Muhurat trading session, silver prices dropped by about ₹5,000, settling at ₹1,65,000 per kg compared to ~₹1,70,000 the prior day. In contrast, gold held roughly steady at ~₹1,32,500 per 10 g. Traders attributed the silver correction to a stronger US dollar and eased US-China trade tensions, which softened safe-haven demand. Meanwhile, festive jewellery purchases remain strong for gold coins and bars. Many bullion dealers expect silver to remain subdued until regular trading resumes post-holiday.
neutral
Silver prices slide on Diwali-day trading; gold holds steady
about 19 hours ago
1 min read
81 words
Silver dipped on Diwali trading amid easing trade-tension worries and stronger dollar, while gold stayed stable in India.
In the Ahmedabad market during the Diwali Muhurat trading session, silver prices dropped by about ₹5,000, settling at ₹1,65,000 per kg compared to ~₹1,70,000 the prior day. In contrast, gold held roughly steady at ~₹1,32,500 per 10 g. Traders attributed the silver correction to a stronger US dollar and eased US-China trade tensions, which softened safe-haven demand. Meanwhile, festive jewellery purchases remain strong for gold coins and bars. Many bullion dealers expect silver to remain subdued until regular trading resumes post-holiday.
In the Ahmedabad market during the Diwali Muhurat trading session, silver prices dropped by about ₹5,000, settling at ₹1,65,000 per kg compared to ~₹1,70,000 the prior day. In contrast, gold held roughly steady at ~₹1,32,500 per 10 g. Traders attributed the silver correction to a stronger US dollar and eased US-China trade tensions, which softened safe-haven demand. Meanwhile, festive jewellery purchases remain strong for gold coins and bars. Many bullion dealers expect silver to remain subdued until regular trading resumes post-holiday.