Weekly Silver Review: MCX Futures Break Well Under Rs 60K Mark

16 Jul 2022 , 01:14 PM

COMEX Silver futures slumped near one year low of $18 per ounce as panic selling gripped precious metals amid a sharp jump in the US dollar index which hit 109 -two week high. However, Indias Silver demand has shot up in recent months and hit $785 in June 2022, up 6540% on year. This is probably on account of bargain buying as spot prices fell well under Rs 60000 per kg mark.Powered by Commodity Insights