Gold-Silver Ratio: Calculation and What Traders Watch
The gold-silver ratio divides the gold price by the silver price, offering traders a relative-value gauge between the two metals.
Gold Market
The gold-silver ratio divides the gold price by the silver price, offering traders a relative-value gauge between the two metals.
Gold futures broke through ₹1,55,000 to hit ₹1,62,680, while silver rebounded from ₹2,30,000. Analysts expect the rally to continue with targets of ₹1,70,000 and ₹2,60,000.
MCX gold extended its rally for a fifth consecutive week, with August gains reaching 13.3% as a declining US dollar and reduced expectations of a Federal Reserve rate hike supported demand.
Gold prices climbed to a three-month high on Friday, extending gains for a third consecutive week as a softer US dollar and positive technical signals attracted investors.
Spot gold rose 0.5% to $4,540.18 on Friday and has gained 3.6% this week, helped by a softer dollar and Treasury buyback plans.
Gold gained nearly Rs 6,500 per 10 grams and silver surged Rs 13,000 per kg over three consecutive sessions on the MCX, supported by a weaker US dollar and lower Treasury yield expectations.
Gold prices are holding steady and on track for a third consecutive weekly gain, supported by a weaker US dollar and lower Treasury yields. A drop in jobless claims has reinforced expectations that the Federal Reserve will keep interest rates unchanged in September.
Gold edged lower on Thursday as US Treasury yields trimmed earlier losses and the dollar firmed, pulling XAU/USD back to $4,509 from a daily high of $4,540.
Veteran investor Rick Rule says the US dollar could lose 75% of its purchasing power in ten years, making a five-digit gold price plausible. He views gold as wealth insurance.