Silver at record high! Price hits Rs 1.41 lakh/kg as festival demand soars; gold up Rs 330/10g – The Times of India

Silver at record high! Price hits Rs 1.41 lakh/kg as festival demand soars; gold up Rs 330/10g – The Times of India

Silver prices experienced a substantial surge of Rs 1,900, reaching a new record of Rs 1,41,900 per kilogram, while gold increased by Rs 330 in the national capital on Friday due to strong stockist demand and festival-related purchasing, as reported by the All India Sarafa Association, quoted by PTI.Silver, which had previously closed at Rs…

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China gold licences: Yellow metal’s largest buyer to ease rules; continues to diversify away from dollar reserves – The Times of India

China gold licences: Yellow metal’s largest buyer to ease rules; continues to diversify away from dollar reserves – The Times of India

China, the world’s largest consumer of gold, is planning to relax licensing norms for the export and import of the yellow metal, as the nation continues to steer away its reserves from the US dollar.According to a draft proposal from the People’s Bank of China (PBOC), the country plans to expand the use of “multi-use…

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