Gold price retreated in Indian markets today from nearly nine-month highs amid soft global cues. On MCX gold edged 0.08% lower at ₹49,000 per 10 gram while silver rose 0.18% to ₹66,356 per kg. In the previous session, gold had hit a nine-month high of ₹49,600 per 10 gram but could not sustain at higher levels.
Precious Metals
A metal is deemed to be precious metals if it is rare. The discovery of new sources of ore or improvements in mining or refining processes may cause the value of a precious metal to diminish. The status of a “precious metal” can also be determined by high demand or market value. Precious metals in bulk form are known as bullion and are traded on commodity markets. Bullion metals may be cast into ingots or minted into coins. The defining attribute of bullion is that it is valued by its mass and purity rather than by a face value as money. precious metals list, precious metals investing, semi-precious metals, precious metals prices, non precious metals, is copper a precious metal, where to find precious metals, precious metals Tips, precious metals Repot.
Precious Metals Precious Metals are rare, naturally occurring metallic elements with high economic value. They are unusual in that they are both industrial elements and investments. Manufacturers use these metals to make electronic components, jewelry, dental equipment and catalytic converters among other things. Investors, on the other hand, collect coins and bars made out of precious metals. This second use – as investments – makes precious metals the objects of intense speculation in commodity markets. Precious metals traders see these commodities as a form of money that holds its value better than printed paper money. Skeptics, however, argue that precious metals are simply rocks with little utility beyond their limited industrial uses. Ironically, the high premium placed on precious metals by traders makes them too expensive and impractical for most industrial applications. The precious metals with active commodities markets include the following: Gold, Silver, Platinum, Palladium.
Barrick Production Rose as Costs Fell in the Fourth Quarter
Barrick Gold Corp. produced more of the precious metal with lower costs in the 4th quarter than the previous period as it met its fullyear gold guidance amid the global pandemic.
Platinum, Palladium prices diverge as car makers see uneven recovery
A strong rebound in Chinese car sales is helping to widen the price gap between palladium prices —already the most expensive of the major precious metals—and its sister metal platinum.
5 Reasons Gold Prices Are Soaring
Gold closed above $2,000 an ounce for the first time this week, capping an explosive growth spurt that has blown past analysts’ projections.
MCX Silver : I Told You Above 64000 1st Target 67000 Hit, Next Target 72000
MCX Silver : I Told You Above 64000 1st Target 67000 Hit, Next Target 72000

सोने ने भारतीय बाजारों में अपना रिकॉर्ड तोड़ प्रदर्शन आज भी जारी रखा है। एमसीएक्स पर अक्तूबर का सोना वायदा 0.2 फीसदी ऊपर 54,200 रुपये प्रति 10 ग्राम पर। चांदी की बात करें, तो एमसीएक्स पर चांदी वायदा भी 4.18 फीसदी बढ़कर 68,883 रुपये प्रति किलोग्राम पर पहुंच गई।
Swiss Hedge Fund to Offer Clients Gold Shield Against Inflation
A Swiss hedge fund plans to offer investments denominated in gold and silver to protect clients against the risk that record coronavirus stimulus spending will push down currency values.
Gold Outlook 2020 – Bank of America Calling for $3,000 Gold in 18 Months
Gold has been one of the best-performing asset classes both year-to-date and since 2019. The precious metal has risen by a third since the start of last year, while its 11.8% gain during a risk-off 2020 has only been beaten by the 30-year US Treasury.