For the second day in a row, both gold and silver prices recorded a hike on the Multi Commodity Exchange (MCX) on Tuesday, December 5, 2023.
Silver futures, maturing on March 5, 2024, witnessed a marginal hike of Rs 40 or 0.05 per cent and were retailing at Rs 76,296 per kg on the MCX against the previous close of Rs 76,168.
The gold and silver prices in India depend on several factors, including the value of the rupee against the dollar. Global demand also plays a key role in determining the trends observed in the rate of precious metals.
Alien Metals Ltd (LON:UFO) is a global minerals exploration and development company that will shortly make the transition to iron ore producer. The company was formed from Arian Silver in late 2018, retaining some of the companies more valuable Mexican projects before embarking on an acquisition led strategy, headed up by an excellent geological team and targeted entirely on Western Australia.