Silver prices surged to nearly Rs. 90,000 per kg, hitting an all-time high, driven by increased industrial applications and speculation of no immediate reduction in US Federal Reserve policy rates. Within a month, silver prices rose by over 5%, with analysts attributing this surge to growing industrial demand from electric vehicle and photovoltaic solar panel manufacturers. High prices prompted selling of household silver in Mumbai’s Zaveri Bazaar. Importantly, silver imports in FY24 rose by about a third, indicating strong industrial procurement and stable prices.
Muhurat Trading Day: Sensex closed positive 8 of 10 times on this day
Muhurat trading during Diwali is seen as a symbol of new beginnings and prosperity. Investors believe that trades made during this time will bring good
November 1, 2024