India made silver imports a licensed business overnight as the rupee hit an all-time low. April shipments had already surged over twofold to $411 million, putting pressure on the country's foreign exchange reserves.
Gold and silver prices eased on Monday amid a firmer US dollar and higher inflation expectations, trimming hopes of US Fed rate cuts in the near term.
Gold and silver prices eased on Thursday, amid profit booking by investors, although rise in geopolitical tensions and decline in US dollar capped the slide.
International markets saw spot gold prices declining over 4 per cent to $5,156.64 per ounce.
Gold and silver prices surged to record highs on Thursday, amid a rise in geopolitical tensions following US President Donald Trump's threat of military action against Iran.
Silver futures on the Multi Commodity Exchange (MCX) touched a new all-time high of Rs 1,09,250 per kilogram on Tuesday, as investors rushed to safe-haven assets amid rising tensions between Israel and Iran.
The pair of Rudrankksh Patil and Arya Borse won silver at the International Shooting Sport Federation (ISSF) World Cup in Lima, Peru, going down 11-17 to the Norwegian pair of Jon-Hermann Hegg and Jeanette Hegg Duestad in the gold medal match at the Las Palmas shooting range on Sunday.
Kept under lock and key in the treasury of the Karnataka government, housed in the Vidhan Soudha, Jayalalithaa’s properties were decreed to belong to the Tamil Nadu government by the Karnataka High Court in a judgment made last month.
Bureau of Indian Standards (BIS) should consider implementing mandatory hallmarking for silver and silver artifacts following consumer demands, said Food and Consumer Affairs Minister Pralhad Joshi.
As the prices of gold and silver continue to rise amid geo-political tensions, ace global investor Jim Rogers has an advice for people: stay invested in precious metals and nothing can teach us better about bullion than Indian women.
