Gold, silver regain sheen
The Hindu
After a sharp fall in September, precious metals regained a bit of their lost sheen in October. The weakness in the U.S. dollar along with concerns pertaining to rising inflation played a key role in
After a sharp fall in September, precious metals regained a bit of their lost sheen in October. The weakness in the U.S. dollar along with concerns pertaining to rising inflation played a key role in helping precious metals close on a positive note at the end of October.
Comex gold gained 1.5% to settle at $1,783.9 an ounce at the end of October. Comex silver, too, closed on a strong note. The white metal gained 8.6% to close at $23.95 an ounce.
In the domestic market, MCX gold futures gained 2.4% to close at ₹47,635 per 10 gm. MCX silver futures closed on a firm note, gaining 8.3% to settle at ₹64,534 a kg.
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