Praveen Singh

Spot silver is changing hands at $31.37, up around 0.22 per cent on the day, at the time of writing this report

Spot gold at the time of writing this report is trading at $2,631, down nearly 0.76 per cent on the day

As industrial commodities remain under pressure due to lack of China's fiscal stimulus and concerns over trade friction, silver will rely on geopolitical development for its upward traction

Spot gold is expected to be choppy on crosscurrents of haven demand on geopolitical worries and healthy risk appetite

The metal consolidated its losses on Tuesday and was trading nearly 0.18 per cent up at $30.36 at the time of writing this report

The metal, closing 3.22 per cent lower at $2625 on November 25, traded between $2,605 and $2,642 on Tuesday and was down by nearly 0.20 per cent to trade at $2,620 at the time of writing this report

Traders are concerned that the Russia-Ukraine war is likely to take dangerous turns on escalating tensions

Spot gold, at the time of writing this report, was trading nearly 0.77 per cent higher at $2,670, as it extended its rally to the fourth straight day

With China's fiscal stimulus failing to excite investors, Silver is likely to be under pressure in the short term, even gold and copper prices weaken

Spot gold tumbled to the lowest level in nearly 7 weeks on November 12 as investors piled into risk assets on optimism over the US growth prospects with Trump at the helm

Gold price: The yellow metal faces risk from fickle bond yields as deficit concerns loom large. Near-term upside is limited, says Praveen Singh of Sharekhan

The Fed cutting rates despite citing strong growth will put the focus back on inflation. The US bonds are quite volatile. Yields are likely to spike again on growth expectations and deficit concerns

Gold rate today: Donald Trump coming to power is likely to heighten the Sino-US trade tensions, which would be positive for gold

Silver rate today: Silver is likely to do better than gold in the short-term in case Harris wins the presidential race

Gold prices today: Spot gold hit a fresh record high of $2,773.53 on October 29, 2024. Buying the dips is the preferred strategy

Silver rate: The metal is expected to be highly volatile and choppy as this week is packed with crucial data out of both China and the US, and the next week will be about the US presidential elections

Gold Rate Today: Gold is well supported on the US deficit concerns as the US deficit is likely to increase irrespective of the US presidential election results

Spot silver at the time of the MCX closing was trading at $33.67, down around 0.10 per cent on the day.

Gold rate today: As gold prices are expected to be highly volatile, especially due to Brics headlines, buying the dips is the preferred strategy

Silver rate today: Unless we see a sharp decline in gold or copper prices, silver is likely to trade with a bullish bias