Trends - Silver - Business Recorder

Silver

Gold subdued on firmer dollar; focus on US jobs report

Lower interest rates decrease the opportunity cost of holding non-yielding bullion.

Published 06 May, 2021 11:52am

Markets

Gold firms as U.S. yields ease, palladium hovers below record peak

Spot gold rose 0.3pc to $1,784.23 per ounce by 1:50 p.m. EDT (1750 GMT), after falling about 0.8pc on Tuesday. U.S. gold futures settled up 0.5pc at $1,784.30.

Published 05 May, 2021 11:51pm

Markets

Gold prices edge higher as pullback in US dollar lifts appeal

Elsewhere, palladium rose 0.3% to $2,993.71 per ounce after hitting an all-time high of $3,017.18 in the previous session, driven by concerns of a shortage of the metal.

Published 05 May, 2021 12:14pm

Markets

Gold flat as Yellen's comments on rates counter muted dollar

The US trade deficit jumped to a record high in March amid roaring domestic demand, which is drawing in imports.

Published 05 May, 2021 12:11pm

Markets

Spot gold may test resistance at $1,802

A rise to $1,803 may confirm the break and the target zone.

Published 04 May, 2021 11:51am

Markets

Gold prices ease off 2-month peak on firm dollar, Powell's comments

More than 153.02 million people have been reported to be infected by the novel coronavirus globally and 3,344,235? have died, according to a Reuters tally.

Published 04 May, 2021 11:47am

Markets

Spot gold may test support $1,752

A break above $1,780 may lead to a gain into $1,789-$1,798 range.

Published 03 May, 2021 12:12pm

Markets

Gold inches higher on subdued dollar ahead of US data

China's gold consumption soared 93.9% in the first three months from the same quarter a year earlier, the China Gold Association said on Friday.

Published 03 May, 2021 12:08pm

Markets

Gold dips after strong US data; set to post worst week in a month

"Better economic data weighed on bonds, with yields subsequently rising and denting investor demand for the precious metal," ANZ analysts said in a note.

Published 30 Apr, 2021 11:37am

Markets

Spot gold may fall to $1,752

Resistance is at $1,780, a break above which could lead again into $1,789-$1,798 range.

Published 30 Apr, 2021 11:35am

Markets

China's Q1 gold consumption jumps 93.9% y/y on robust demand

Gold output in the January-March period fell 9.92% to 74.44 tonnes, the association said in a statement on its website.

Published 30 Apr, 2021 11:20am

Markets

Spot gold may test resistance at $1,792

The pullback may end above $1,773.

Published 29 Apr, 2021 11:24am

Markets

Gold gains after US Fed maintains accommodative stance

Gold tends to benefit from widespread stimulus measures from central banks because it is viewed as a hedge against inflation.

Published 29 Apr, 2021 11:16am

Markets

Gold prices fall

KARACHI: Gold prices on Wednesday fell on the local market, traders said. The yellow metal price dropped by Rs 700...

Published 29 Apr, 2021 03:52am

Markets

Gold falls as US Treasury yields firm; all eyes on Fed rate decision

Spot gold was down 0.5% at $1,767.76 per ounce by 0131 GMT. US gold futures were down 0.5% at $1,770.00 per ounce.

Published 28 Apr, 2021 10:35am

Markets

Analysts cut gold forecasts as economic growth recovers

BENGALURU: Analysts and traders have slashed their gold price forecasts, with many believing a return to last...

Published 28 Apr, 2021 03:18am

Markets

Gold steadies as focus turns to Fed meeting

More than 147.23 million people have been reported to be infected by the novel coronavirus globally and 3,249,168? have died, according to a Reuters tally.

Published 27 Apr, 2021 11:59am

Markets

Spot gold may retest resistance at $1,792

Chances are it could resume its rally towards the upper channel line around $1,828.

Published 26 Apr, 2021 11:41am

Markets

Gold ticks up as dollar stays on back foot

Zimbabwe's gold production fell 30% to 3.98 tonnes in the first quarter of this year, central bank data showed.

Published 26 Apr, 2021 11:37am

Markets

Palladium extends record run, gold dips on strong U.S. data

Palladium hit a record high of $2,925.14 per ounce and was poised for a second straight weekly gain.

Published 23 Apr, 2021 11:45pm

Markets

Spot gold may drop to $1,763

On the daily chart, a retracement analysis on the fall from $1,875.26 reveals a key resistance at $1,799, around which the rise lost its momentum.

Published 23 Apr, 2021 11:31am

Markets

PMEX daily trading report

KARACHI: On Wednesday, at PMEX the traded value of Metals, Energy, COTS/FX and indices was recorded at PKR 10.131...

Published 23 Apr, 2021 05:12am

Markets

Silver demand surging to its highest since 2015

Silver is used in the manufacturing of goods from solar panels to consumer electronics, and is also bought by investors who traditionally see it as a safe store of wealth.
All demand segments except for exchange traded funds (ETFs), which store silver for investors, will use more this year, and even ETFs will buy far more than was typical before the pandemic, the report said.

Published 22 Apr, 2021 08:42pm

Markets

Spot gold may rise to $1,818

A correction from the current level may be limited to $1,785, now a support.

Published 22 Apr, 2021 12:13pm

Markets

Bullion Rates

KARACHI: Gold and silver rates in rupees per 10 grams prevailing in major cities on Wednesday (April 21, 2021)....

Published 22 Apr, 2021 03:55am

Markets

Spot gold targets $1,803-$1,818 range

A double-bottom forming around $1,677 indicates a further rise towards $1,852.

Published 21 Apr, 2021 12:00pm

Markets

Gold hovers near 7-week high on subdued US dollar, yields

A gauge of stock prices across the world fell on Tuesday and oil prices also slipped as concern lingered over rising global COVID-19 cases and their effect on the global economic rebound.

Published 21 Apr, 2021 11:58am

Markets

Spot gold may slide more into $1,744-$1,758 range

The metal could be rising within a narrow channel which suggests a target zone of $1,744-$1,758. The uptrend is expected to resume in the zone.

Published 20 Apr, 2021 11:32am

Markets

Spot gold may rise towards $1,818

On the daily chart, gold has cleared a resistance at $1,776. It is expected to rise towards $1,799-$1,828 range.

Published 19 Apr, 2021 11:26am

Markets

Sharp rise in gold prices

KARACHI: Gold prices on Saturday saw a sizeable gain on the local market, traders said. The precious metal price ...

Published 18 Apr, 2021 03:09am

Gainers
Losers
Leaders

Stock	Price
Pak Gen. Ins. / May 6 The Pakistan General Insurance Co. Ltd.(PKGI)	3.50 ▲ 0.49 (16.28%)
United Ins. / May 6 The United Insurance Company(UNIC)	7.87 ▲ 1.00 (14.56%)
Sakrand Sugar / May 6 Sakrand Sugar Mills Limited(SKRS)	7.90 ▲ 1.00 (14.49%)
Jubilee Sp. / May 6 Jubille Spinning & Weaving Mills Limited(JUBS)	4.15 ▲ 0.44 (11.86%)
First Pak Modaraba / May 6 First Pak Modaraba(PAKMI)	2.39 ▲ 0.24 (11.16%)
PICIC Insurance / May 6 PICIC Insurance Limited(PIL)	1.38 ▲ 0.13 (10.40%)
Chakwal Spinng / May 6 Chakwal Spinning Mills Limited(CWSM)	1.97 ▲ 0.17 (9.44%)
First Fid. Leas. / May 6 First Fidelity Leasing Modaraba(FFLM)	3.25 ▲ 0.25 (8.33%)
Buxly / May 6 Buxly Paints Limited(BUXL)	49.45 ▲ 3.45 (7.50%)
Crescent Fib. / May 6 Crescent Fibres Limited(CFL)	54.34 ▲ 3.79 (7.50%)

Stock	Price
First Elite Cap. Mod. / May 6 First Elite Capital Modaraba(FECM)	3.13 ▲ -0.26 (-7.67%)
Bal. Wheel / May 6 Baluchistan Wheels Limited(BWHL)	78.35 ▲ -6.35 (-7.50%)
Gatron Ind. / May 6 Gatron (Industries) Limited(GATI)	498.58 ▲ -40.42 (-7.50%)
Ideal Sp. / May 6 Ideal Spinning Mills Limited(IDSM)	30.33 ▲ -2.45 (-7.47%)
Idrees Tex. / May 6 Idrees Textile Mills Limited(IDRT)	17.52 ▲ -1.41 (-7.45%)
IbrahimFibres / May 6 Ibrahim Fibres Limited(IBFL)	165.30 ▲ -12.70 (-7.13%)
Habib Metro Mod / May 6 Habib Metro Modaraba(HMM)	5.61 ▲ -0.43 (-7.12%)
Kohat Tex. / May 6 Kohat Textile Mills Limited(KOHTM)	15.52 ▲ -1.18 (-7.07%)
Mirpurkhas Sugar / May 6 Mirpurkhas Sugar Mills Limited(MIRKS)	93.00 ▲ -6.99 (-6.99%)
Pak. P.V.C. / May 6 Pakistan PVC Limited(PPVC)	4.50 ▲ -0.33 (-6.83%)

Stock	Volume
Worldcall / May 6 Worldcall Telecom Limited(WTL)	80,166,000 ▼ 0.00
TRG Pakistan / May 6 TRG Pakistan Limited(TRG)	14,358,170 ▼ 0.00
Telecard Ltd. / May 6 Telecard Limited(TELE)	12,662,000 ▼ 0.00
Unity Foods / May 6 Unity Foods Limited(UNITY)	10,917,761 ▼ 0.00
Ghani Global Hold. / May 6 Ghani Global Holdings Limited(GGL)	10,567,000 ▼ 0.00
Hum Network / May 6 Hum Network Limited(HUMNL)	9,603,500 ▼ 0.00
Aisha Steel / May 6 Aisha Steel Mills Limited(ASL)	7,338,000 ▼ 0.00
Waves Singer (R) / May 6 Waves Singer Pakistan Limited (R)(WAVESR1)	6,701,000 ▼ 0.00
Kot Addu / May 6 Kot Addu Power Company Limited(KAPCO)	6,266,500 ▼ 0.00
Dost Steel / May 6 Dost Steels Limited(DSL)	3,060,500 ▼ 0.00

Markets →

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / May 5	153.10
USD PKR Interbank Buying / May 5	153.00
USD to Japanese Yen / May 5	109.20
USD to Swiss Franc / May 5	0.91
Pound Sterling to USD / May 5	1.39
Euro to USD / May 5	1.20
UK LIBOR % / May 5	0.06

Stock	Volume
S&P 500 / May 5	4167.59
India Sensex / May 5	48677.55
Tokyo Nikkei / May 5	28812.63
Nasdaq / May 5	13582.43
Hang Seng / May 5	28417.98
FTSE 100 / May 5	7039.30
Dow Jones / May 5	34230.34
Germany DAX 30 / May 5	15170.78
France CAC40 / May 5	6339.47

Item	Value
Crude Oil / May 5	65.63
Karachi Cotton Assoc. / May 5	11300.00
Gold 10 Grams / May 5	89163.00
Gold Spot / May 5	1784.30
Cotton / May 5	87.33

Silver

Gold subdued on firmer dollar; focus on US jobs report

Gold firms as U.S. yields ease, palladium hovers below record peak

Gold prices edge higher as pullback in US dollar lifts appeal

Gold flat as Yellen's comments on rates counter muted dollar

Spot gold may test resistance at $1,802

Gold prices ease off 2-month peak on firm dollar, Powell's comments

Spot gold may test support $1,752

Gold inches higher on subdued dollar ahead of US data

Gold dips after strong US data; set to post worst week in a month

Spot gold may fall to $1,752

China's Q1 gold consumption jumps 93.9% y/y on robust demand

Spot gold may test resistance at $1,792

Gold gains after US Fed maintains accommodative stance

Gold prices fall

Gold falls as US Treasury yields firm; all eyes on Fed rate decision

Analysts cut gold forecasts as economic growth recovers

Gold steadies as focus turns to Fed meeting

Spot gold may retest resistance at $1,792

Gold ticks up as dollar stays on back foot

Palladium extends record run, gold dips on strong U.S. data

Spot gold may drop to $1,763

PMEX daily trading report

Silver demand surging to its highest since 2015

Spot gold may rise to $1,818

Bullion Rates

Spot gold targets $1,803-$1,818 range

Gold hovers near 7-week high on subdued US dollar, yields

Spot gold may slide more into $1,744-$1,758 range

Spot gold may rise towards $1,818

Sharp rise in gold prices

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