Silver prices surge 45% on MCX in 2020; White metal may touch Rs 80,000 per kg in 2021, says Angel Broking
Silver is expected to benefit from improving industrial demand as governments invest in infrastructure spending to stimulate economic growth.
Silver
Silver prices were steady at Rs 68,550 per kg on December 31 as participants increased their short positions as seen by the open interest. The precious metal had gained 1.4 percent yesterday on the COMEX.
The white metal price has been stuck in a narrow range above $26/oz amid lack of fresh triggers ahead of year-end.
Silver prices were supported by the weakness in the US dollar and improving demand outlook for the industrial sector amid a recovery in the manufacturing sector.
Gold price rose 28% in 2020; check out targets for next year
Led by risk aversion, safe-haven buying, and uncertainty caused by COVID-19 disruptions, Gold Futures moved to an all-time high of Rs 56,191 per 10 grams at MCX, rising by almost 43% in the year, while silver had edged closer to Rs 80,000 per 10 gram
Rupa Burman Roy | December 31, 2020 | Updated 18:01 IST
Initially, gold prices had plunged amid economic uncertainties arising out of coronavirus pandemic. Spot gold had hit a seven month low in March
Gold prices have rallied 28% in rupee terms in 2020, making the less risky asset, one of the most preferred ones by investors this year. Spot gold overseas is positioned to end the year 20% higher year-to-date.
Share Market Highlights: Sensex ends at 47,353 for first time, Nifty at 13,873; SBI, Titan, L&T top gainers December 28,2020 15:51 IST
Sensex, Nifty Highlights on December 28: Market indices touched new record highs on Monday tracking gains in index majors, amid positive cues from global equities. Here s a look at the updates of the market action on BSE and NSE today
Closing
Market indices ended at new record highs on Monday, tracking gains in index majors, amid positive cues from global equities. Sensex ended 380 points higher at 47,353 and Nifty gained by 123 points to close at 13,873. During today s session, Sensex has hit an all-time high of 47,406 and Nifty logged a lifetime high of 13,885
Share Market Highlights: Sensex closes at record high, Nifty at 13,749; ONGC, RIL, Sun Pharma top gainers December 24,2020 16:04 IST
Sensex, Nifty Highlights on December 24: Market indices rose sharply and closed 1.1% higher each on Thursday, tracking gains in index majors, amid positive cues from global equities
ACC, Ambuja jump up to 10%
Shares of Ambuja Cements rallied 9.96 per cent in intraday trade to Rs 261 apiece on the Bombay Stock Exchange after the companies received board nod for renewal of technology fees agreement with their parent company, Holcim Ltd. The stock was trading near its 52-week high of Rs 271.95 touched on November 17, 2020. The companies pay TKH fees @ 1 per cent of net sales each year, to HTL, for a period of 2 years w.e.f. January 01, 2021 on the same terms as the present TKH agreement, ACC and Ambuja said in a separate regulatory filing.
Share Market Highlights: Sensex ends 452 points higher, Nifty at 13,466; Infosys, HCL Tech top gainers December 22,2020 17:34 IST
Sensex, Nifty Highlights on December 22: After a 3% fall on Monday, market indices reversed the trend and closed sharply positive on Tuesday, amid mixed global equities as additional US stimulus package capped losses after the new COVID-19 strain in the UK triggered a global selloff
Closing
After a 3% fall on Monday, market indices reversed the trend and closed sharply positive on Tuesday, amid mixed global equities as additional US stimulus package capped losses after the new COVID-19 strain in the UK triggered a global selloff. Recovering from earlier losses in a volatile trading session, Sensex ended 452 points higher at 46,006 and Nifty gained by 137 points to 13,466