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Commodity Mid Session News

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(10 Jul 2025, 13:18)

Hot Commodities: Silver nears $37; rebounds from 3-day slide

Silver futures approached $37 per ounce on Thursday, snapping a three-day losing streak as a weaker US dollar and falling Treasury yields renewed interest in precious metals. The rally followed the Fed’s latest minutes, which revealed growing support among policymakers for rate cuts later this year. Uncertainty over new tariffs on 21 countries, as announced by President Trump, also fueled safe-haven buying. On MCX, September silver futures gained 0.6% to ₹107929 per kg, inching closer to the all-time high of ₹111000 hit on 25th June.
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