Why it makes sense to buy silver.
The remaining 50% of demand for silver comes as a precious metal for jewellery and investment. Investors treat silver as a hedge against currency depreciation and hence wish to hold it as an investment. Investors can treat silver as part of their core asset allocation as it has historically had a low correlation with equities, and thus adds diversification to the portfolio.
Gold Rate Today: Yellow metal at 3-week low, silver falls 0.4%
Gold futures on the MCX, at around 9:09 am, traded with a cut of 0.25% at Rs 50,074 per 10 grams. In the previous session, it closed at Rs 50,212, falling 0.4%. Silver futures, meanwhile, were also trading lower with a fall of 0.64% at Rs 55,657 per kg.
Gold falls Rs 276; silver declines Rs 487
In the international market, gold was quoted lower at USD 1,643.5 per ounce while silver was down at USD 18.62 per ounce."Spot COMEX gold traded slightly lower as investors assessed mixed signals, including rising treasury yields and more hawkish commentary from the policymakers," said Dilip Parmar, Research Analyst at HDFC Securities.
The remaining 50% of demand for silver comes as a precious metal for jewellery and investment. Investors treat silver as a hedge against currency depreciation and hence wish to hold it as an investment. Investors can treat silver as part of their core asset allocation as it has historically had a low correlation with equities, and thus adds diversification to the portfolio.
Gold Rate Today: Yellow metal at 3-week low, silver falls 0.4%
Gold futures on the MCX, at around 9:09 am, traded with a cut of 0.25% at Rs 50,074 per 10 grams. In the previous session, it closed at Rs 50,212, falling 0.4%. Silver futures, meanwhile, were also trading lower with a fall of 0.64% at Rs 55,657 per kg.
Gold falls Rs 276; silver declines Rs 487
In the international market, gold was quoted lower at USD 1,643.5 per ounce while silver was down at USD 18.62 per ounce."Spot COMEX gold traded slightly lower as investors assessed mixed signals, including rising treasury yields and more hawkish commentary from the policymakers," said Dilip Parmar, Research Analyst at HDFC Securities.