Last week, Spot silver prices rose by 1.47 percent to close at $17.2 per ounce while MCX silver prices rose by 1.15 percent to close at Rs.43824 per kg.
We expect gold and silver prices to trade lower as expectation of stimulus by major central banks led to appreciation of the U.S. Dollar and shifted the investors towards riskier asset.
On the MCX, gold prices are expected to trade lower today; international markets are trading lower by 0.29 percent to close at 1519.25 per ounce.
On the MCX, gold prices are expected to trade lower today; international markets are trading lower by 0.29 percent to close at 1519.25 per ounce.
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