In global markets, on Comex, silver prices rose 4.3% to $27.06 an ounce on Friday after messages on Reddit urged retail investors to pile into the market in an attempt to push prices higher. Gold
In India, silver prices have surged ₹3,000 per kg in just two days tracking a jump in global rates.
Back in India, the issue price for latest sovereign gold bond tranche has been fixed at ₹4,912 per gram of gold, with a discount of ₹50 per gram to those investors applying online and the payment against the application is made through digital mode.
The Sovereign Gold
The previous tranche of sovereign gold bonds (Series X) that were open for subscription from January 11 to January 15, 2021 was ₹5,104 per gram of gold. Sovereign Gold
Global equity markets sank on Friday amid a growing battle on Wall Street between hedge funds and retail investors, while a dispute over COVID-19 vaccine supply in Europe cooled risk appetite. Anxiety has grown as investors ask whether hedge funds will need to liquidate other positions to address losses in stocks they have shorted, say analysts. (With Agency Inputs)
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