Silver rate today: The white metal opened in negative territory on Tuesday, January 13, after hitting a record high the previous day, as investors rushed to book profits on Monday.
Silver prices were trading marginally lower on Tuesday, fell by ₹270 or 0.10% to ₹2,68,700 on Multi Commodity Exchange (MCX), in early morning session on January 13. However, the white metal took a U-turn to turn positive and was trading 0.27% higher at ₹2,69,700, at 9:30 am IST.
Meanwhile, in the international front, spot silver was down 1.6% to $83.62 per ounce after hitting an all-time high of $86.22 on Monday, driven by concerns over the Federal Reserve’s independence following threats of a criminal indictment by the Donald Trump administration.
Bullion prices also found support from a softer US dollar, as uncertainty intensified around a potential criminal investigation by the Trump administration into Federal Reserve Chair Jerome Powell.
(This is a developing story)
Disclaimer: This story is for educational purposes only. Please consult with an investment advisor before making any investment decisions.
