1 week ago
Silver ETFs Surge as MCX Silver Crosses Rs 2.39 Lakh
Silver prices went up in both Indian and international markets.
Silver also rose more strongly than gold.
Silver ETFs, which are funds that track silver, gained about 3.81% to 4.60%.
Tata Silver ETF recorded the biggest silver ETF gain at 4.60%.
Gold moved slightly higher on the Indian exchange but slightly lower in the international market.
Even so, all the listed gold ETFs in the report traded higher.
Gold ETF gains ranged from 2.04% to 2.60%.
The report does not give a specific reason for these price movements.
MCX silver rose 1.12% to Rs 2,39,450, while COMEX silver gained 1.59% to $66.870 per troy ounce.
Listed silver ETFs advanced between 3.81% and 4.60%, led by Tata Silver ETF.
MCX gold increased 0.18% to Rs 1,58,275, while COMEX gold declined 0.15% to $4,538.70 per troy ounce.
Gold ETFs rose broadly, with gains ranging from 2.04% to 2.60% across the supplied list.
Silver outperformed gold across the commodity and ETF markets during the reported session.
- Who
- Silver and gold commodities, along with their listed exchange-traded funds.
- What
- Silver ETFs surged while silver prices rose across MCX and COMEX; gold ETFs also gained despite mixed gold prices.
- Where
- The Multi Commodity Exchange of India and COMEX, as well as listed ETF markets.
- When
- During the trading session covered by the report.
- Why
- The articles report the price movements but do not state a specific reason.
Key facts
- MCX silver
- Rs 2,39,450.00, up 1.12%
- COMEX silver
- $66.870 per troy ounce, up 1.59%
- Top silver ETF gain
- Tata Silver Exchange Traded Fund, up 4.60% to Rs 22.97
- MCX gold
- Rs 1,58,275.00, up 0.18%
- COMEX gold
- $4,538.70 per troy ounce, down 0.15%
- Gold ETF performance
- Listed gold ETFs gained between 2.04% and 2.60%
- Top gold ETF gain
- Kotak Gold Exchange Traded Fund, up 2.60% to Rs 130.35
Sources
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