News about silver

On Monday, gold and silver prices edged higher in India's retail bullion market amid heightened US-Iran tensions, after Tehran said it had a “new operational plan” in case of renewed US attacks. The 24-karat gold price stood at ₹1,47,893 per 10 grams, and silver at ₹21,107 per 100 grams. MCX silver futures were about 0.44% higher at ₹2,11,072 per kilogram around 9:13 am. The report notes that gold is often viewed as a safe-haven asset during periods of geopolitical uncertainty.

Gold prices in Delhi were unchanged on October 19 from October 18, at ₹14,781 per gram for 24K, ₹13,550 for 22K and ₹11,089 for 18K, but still below their October 12 levels. On the MCX, December gold futures fell 2.4% over the past week to about 1.47 lakh per 10 grams, while silver dropped 6.4% to 2.11 lakh per kg. The per-gram price may differ from the final jewellery bill, which can include GST and making charges. Gold prices in Delhi are influenced by international bullion rates, currency exchange movements and local demand.

On the morning of October 19, SJC gold bars quoted by SJC in HCMC were at about 140.6 million VND per tael to buy and 143.6 million to sell, steadier after last week's swings around 145–146 million. Bao Tin Manh Hai's SJC bars fell 0.3 million VND per tael on both sides, while Phu Quy and DOJI posted slight gains or held flat. World gold traded at US$4,182.265 per ounce, up 0.40% from the previous session. Silver rebounded strongly, with global prices at US$57.65 per ounce.

Azerbaijan's gold price per troy ounce fell 35.3 manat ($20.7), or 0.5%, between October 12 and 16, but its weekly average rose 0.8% to 7,098 manat ($4,180). Silver's weekly price dropped 5.3%, and its average fell 2.6% to 100.2 manat ($58.9). Platinum's weekly price declined 3.3%, with its average down 1.7% to 2,827 manat ($1,660). Palladium's weekly price fell 1.3%, and its average declined 1.8% to 1,936 manat ($1,140). Figures are Trend's calculations based on Central Bank of Azerbaijan data.