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Silver trying to stabilize above $50 per ounce, retail markets on edge ahead of Diwali

20-Oct-25 12:53 Hrs IST

Silver is trying to stabilize after falling around 7% from its record high on Friday. The counter trades at $50.42 per ounce, up 0.60% on the day. Silver zoomed to record highs near $54 per ounce amid sustained upmove as weak US dollar clubbed with generally upbeat cues from precious metals complex boosted the counter. The metal dipped sharply thereafter though and witnessed a choppy movement today. Safe haven demand is boosting the metal the International Monetary Fund has warned that despite the markets' apparent calm since spring, the institution believes that investors are severely underestimating the risks facing the global economy. Market is also eying Indian demand trend after futures prices tested Rs 170000 per kg mark. India's Silver imports zoomed around 152% on year to Rs 11543 crore in the month. MCX Silver futures are currently trading at Rs 155541 per kg, down 0.68% on the day. Spot Silver prices in Ahmedabad have spiked from Rs 144000 per kg at the start of the month to around Rs 170000 per kg on 17 October. Sentiments are looking volatile in retail markets as the Diwali week approaches.

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14	28-10-2024	IT	RFP for Procurement of Firewall	Closed
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15	12-07-2023	ADMIN	RFP for Premises on Lease for Ahmedabad Branch
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19	15-06-2023	IT	RFP for AMC of 30KVA Online UPS system	Closed
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20	30-05-2023	ADMIN	RFP for Premises on Lease for Ahmedabad Branch	Cancelled
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22	24-04-2023	IA	Extension Of RFP iCOM IA for FY 2023-2024	Closed
23	25-04-2023	CS	Extension Of RFP for Seeking Quotations for Secretarial Audit Of IFIN Group for FY 2022-2023	Cancelled
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24	02-05-2023	IA	RFP For Appointment Of Internal Auditor for July 2023 - March 2024	Closed
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26	24-04-2023	CS	RFP PCS Empannelment for ROC filing 2022-23	Closed
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28	14-03-2023	IA	RFP for appointment of internal auditor in the iCOM	Closed
29	25-04-2023	CS	RFP For Secretarial Audit 22-23	Closed