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Silver shines down, 3.5% fall in futures

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Silver shines down, 3.5% fall in futures

Silver’s brightness faded as industrial demand declined from Corona’s havoc. In the Indian futures market, silver slipped nearly four percent from the previous session on Friday. Silver has been declining for the last four days due to sluggish demand for industrial metals. The rise in gold and a rise in selling at higher prices have also caused a break in gold prices. The prices of yellow metal also declined in foreign and domestic markets. Commodity market experts say that due to the fall in the price of gold and silver in the international market, the pressure is being seen on the prices of both metals in the domestic market.

On the Multi Commodity Exchange (MCX) at 8.50 pm, the silver May expiry contract was trading at Rs 45,155 per kg, down Rs 1,503, or 3.22 percent, from the previous session, while silver traded at Rs 4,4813 during the previous trade. Slipped by per kg.

MCX gold was trading at Rs 42,256 per 10 gram in April expiry contract for gold, while gold was down by Rs 42,126 per 10 gram during the previous trade.

Ajay Kedia, director of Kedia Advisory, said that China is the main buyer of gold and silver and due to the Coronavirus outbreak, the demand for precious metals in China has decreased, especially the demand for industrial metals is very weak, so the pressure on silver prices came. is.

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Bullion market traders said that gold and silver have seen strong growth in the past, after which buying at higher prices has come down.

At the same time, gold and silver prices have come under pressure due to profit booking at higher prices in futures.

Meanwhile, the international futures market Comex also recorded a fall in gold and silver prices on Friday.

Comex was trading at $ 1,585.05 an ounce, down $ 57.45, or 3.50 percent, from its previous session in the gold futures contract. At the same time, the silver March contract was trading at $ 16.63 an ounce, a drop of 5.82 percent from the previous session.

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Also Read: ALI FAZAL AND RICHA CHADHA APPLY FOR MARRIAGE REGISTRATION IN COURT

Haryana

Delhi Weather and AQI Today: Warm start at 22.05 °C, check weather forecast for October 22, 2024

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Delhi Weather and AQI Today: Warm start at 22.05 °C, check weather forecast for October 22, 2024

Check the weather forecast and air quality updates for Delhi on October 22, 2024 here.

The temperature in Delhi today, on October 22, 2024, is 32.93 °C. The day’s forecast indicates a minimum and maximum temperature of 22.05 °C and 35.04 °C, respectively. The relative humidity is 26% and the wind speed is 26 km/h. The sun rose at 06:26 AM and will set at 05:44 PM.

Tomorrow, on Wednesday, October 23, 2024, Delhi is predicted to experience a minimum and maximum temperature of 27.42 °C and 34.91 °C, respectively. Tomorrow humidity levels will be at 20%.

With temperatures ranging between 22.05 °C and 35.04 °C, prepare for a hot day and plan outdoor activities accordingly. If you are sensitive to heat, take note of the weather forecast and consider appropriate attire and activities suitable for the prevailing weather.

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The AQI in Delhi today stands at 334.0, falling in the very poor category. Everyone should be cautious. Children and people with respiratory diseases, such as asthma, should stay indoors and others should also limit their outdoor activities. Usage of masks and air purifying devices is advised. Being aware of the AQI helps one make informed decisions regarding one’s overall well-being while planning the day’s activities.

Weather and AQI predictions in Delhi for next 7 days:

DateTemperatureSky
October 23, 202432.93 °CSky is clear
October 24, 202432.69 °CSky is clear
October 25, 202432.5 °CSky is clear
October 26, 202432.07 °CSky is clear
October 27, 202430.69 °CSky is clear
October 28, 202431.29 °CSky is clear
October 29, 202432.09 °CSky is clear

Weather in other cities on October 22, 2024

CityTemperatureSky
Mumbai28.35 °CLight rain
Kolkata28.84 °CSky is clear
Chennai28.94 °CLight rain
Bengaluru25.53 °CModerate rain
Hyderabad27.75 °CModerate rain
Ahmedabad31.9 °CSky is clear
Delhi32.93 °CSky is clear

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