| |

Gold and Silver Rs up

ByVictoria

Gold of 99.5 per cent purity increased Rs 50 to reclaim its all-time high level of Rs 96,000 per 10 grams against the previous close of Rs 95,950 per 10 grams.

Silver prices climbed by Rs 2,500 to Rs 97,500 per kg on the back of fresh industrial demand.

“Gold prices remain steady near all-time highs, buoyed by a weakening dollar and persistent uncertainty surrounding US trade policy,” Chintan Mehta, Chief Executive Officer at Abans Financial Services, said.

Spot silver in the Asian market hours fell marginally at USD 32.32 per ounce

Source – Press Trust of India

Similar Posts

  • /

    Copper up, investors confused

    ByVictoria
    0 Comments

    Copper prices drifted higher on Wednesday as investors waited for details of U.S. reciprocal tariffs, but tin extended a rally to its highest in nearly three years on supply fears.

    Benchmark three-month copper on the London Metal Exchange (LME) was up 0.2% at $9,711 a metric ton by 0953 GMT after slipping to its weakest in three weeks at $9,668.50.

    “Investors are confused, they’re uncertain about the outlook. It’s mostly tariff-related, although there’s also global conflict, currency debasement and confusion around central bank policy,” said Tom Price, head of commodities strategy at Panmure Liberum.

    “Aluminium gives you an insight into what copper might do. It has gone through the first phase of factoring in the cost of tariffs and now it’s going into the second phase, where demand is deteriorating,” Price said.

    Source – Business Recorder

  • /

    Federal Judge pause Arizona Copper Line transfer

    ByVictoria
    0 Comments

    Attorneys representing the San Carlos Apache Tribe are asking the judge to grant an injunction pausing a land swap from the U.S. government to Resolution Copper

    During the hearing, attorneys representing the tribe asked a federal judge to grant a temporary injunction pausing an upcoming land swap from the U.S. government to mining giant Resolution Copper.

    Attorneys for the tribe argued May 7 that a pause is necessary as the Supreme Court considers whether to take up the case.

    Source – ABC 15 Arizona

  • / /

    Kentucky Considers Bill to Entice Gold and Silver Investors 

    ByVictoria
    0 Comments

    The bill says, “any aggrieved taxpayer who has had taxes collected from them in any purchase that are exempt under KRS 139.480(37), may maintain an action for a refund on behalf of themselves and others similarly situated, without need to resort to any administrative process, against any person collecting or holding such tax funds, including the Secretary of the Finance and Administration Cabinet and the Commissioner of the Department of Revenue.”

     “If you own gold, you can afford to pay sales tax.” said Gov. Beshear

    Source – Money Metals

  • /

    New Dehli gold and silver hit record levels

    ByVictoria
    0 Comments

    Gold and silver prices hit fresh record levels on Monday, rallying Rs 1,300 each, tracking strong trends in the global markets amid uncertainty over US tariffs, trade tensions and growing expectations of monetary policy easing by the Federal Reserve.

    According to the All India Sarafa Association, the precious metal of 99.9 per cent purity, extending gains for the fourth day in a row, rallying Rs 1,300 to hit a fresh peak of Rs 90,750 per 10 grams.

    Source – Press Trust of India

  • /

    Gold close to reaching $3000

    ByVictoria
    0 Comments

    It appears that the Federal Reserve is on hold when it comes to moving interest rates until midyear, said Peter Grant, vice president and senior metals strategist at Zaner Metals. But “most of the other major central banks remain in easing mode, providing an additional tailwind for gold.” Ongoing trade and geopolitical uncertainty suggest upside potential to the psychologically important $3,000 level, he said.

    Source – Market Watch

  • /

    Silver eagles to honor U.S. Army

    ByVictoria
    0 Comments

    A limited-edition, privy-marked Proof 2025-W American Eagle silver dollar prepared for release June 13 from the United States Mint celebrates the 250th anniversary of establishment of the Continental Army during the American Revolutionary War, on June 14, 1775.

    As of May 24, the Mint had not yet established pricing for the privy-marked American Eagle. The product is limited to an issue of 100,000 coins. Each household order is restricted  to three coins during the first 24 hours of sales, after which the limit will be lifted.

    The commemorative privy-mark — containing elements of the U.S. Army’s official seal — is positioned in the field behind Liberty, to the left of the Y in the inscription LIBERTY.

    Source – Coin World