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Meanwhile, silver hovered at Rs 90,562 per kg, hitting an intraday low of Rs 90,462 on the MCX. In the international market, the price hovered around $30.45 per ounce.
Silver price steadies above $30.00 but is prone to more downside amid multiple headwinds. The US Dollar strengthens as Fed supports maintaining interest rates at their current levels for longer.
Silver at $30.12 was down over 2 per cent at the time of MCX closing as the corresponding MCX July contract at Rs 90305 was down 2.91 per cent on the day ...
Key influences on prices of gold and silver include global demand for gold, exchange rate fluctuations, prevailing interest rates, and government regulations governing gold trading.
Silver price tumbled more than 2% on Thursday as economic data from the United States showed that business activity is faring well amid a high interest rates economy. At the time of writing, the ...