
Options Contracts for Liquid Gold and Silver Futures with BULLDEX
Hold onto your wallets, folks!
As Gold and Silver just went on a wild ride! MCX Gold December futures jumped a hefty ₹2,100, climbing 1.7% to hit a dazzling record high of ₹1,26,750 per 10 grams. Meanwhile, silver didn’t want to be left behind. It surged nearly 5%, adding over a whopping sum of ₹7,400 to reach a shiny new peak of ₹1,62,057 per kg.
Too Much Of Glitter Drama, right?
Just the day before, gold had already flexed its muscles with a 2.6% gain at ₹1,24,562, and silver gleamed even brighter, soaring 5.6% to ₹1,54,650 per kg.
So, whether you’re a seasoned investor or just curious, the precious metals market is sparkling with opportunity, and maybe a bit of excitement too. Ready to dive in, or just watching the glitter from afar?
So, curious why your gold jewelry just got pricier? Now you know!
Hold onto your hats, silver just went supernova!
Prices blasted up to $51.71 per ounce in London, marking a jaw-dropping 78.9% rise over the past year. That’s the fastest surge since 2010! Meanwhile, CME’s Comex silver futures jumped 3.3% to $50 per ounce, riding the same wild wave.
What’s driving this silver stampede?
A historic short squeeze in London’s cash market is shaking things up big time, sending shockwaves across the globe. Borrowing silver? That’s gotten insanely expensive, leasing costs skyrocketed to nearly 40% per year in London!
Talk about a pricey borrowing fee.
Experts say the silver market is tighter and more volatile than ever, like a rollercoaster that just won’t stop. Ready to buckle up and watch the silver drama unfold, or feeling dizzy already?
(With Inputs)
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