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President Donald Trump agreed to a two-week ceasefire with Iran, easing concerns over energy-driven inflation. Earlier in the session, bullion had surged more than 3% to its highest level since March 19. For silver, he suggests buying above Rs 2,36,000 with a stop loss below Rs 2,30,000, targeting Rs 2,42,000–Rs 2,45,000.
Going anywhere nice this summer?No, me neither, judging by the warning from the Ryanair boss, Michael O’Leary, that a global shortage of jet fuel caused by the Iran war may soon lead to cancelled flights.
What happened to gold and silver prices over the past week? After surging to a record high above $5,580 (€4,705) per ounce on Thursday, gold suffered its steepest one‑day decline in years on Friday, dropping.
Gold and silver prices extended their slide for a third consecutive session, with commodity-based ETFs experiencing significant drops of up to 20%. This decline followed record highs as investors booked profits and unwound positions, triggering broad market selling. The BSE imposed a 20% circuit limit on gold and silver ETFs to curb volatility.
