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Commodity News Details
Weekly Silver Review: Silver futures slide under $28 per ounce
27-Jul-2024 13:24
Silver futures tracked the weakness in Copper and a general sense of unease in risky assets as the slide under $30 per ounce continued for the metal. The commodity took a heavy tumble on 25 July as prices melted by 4.60% amid a hurried selloff. Overall mood was tepid and the COMEX Silver futures tested two and half month lows under $28 per ounce before managing to end above the level on the next day. Union Finance Minister Nirmala Sitharaman on Tuesday announced a sharp cut in import duties on gold and silver, from 15% to 6%. The import duty for gold dore and silver dore has also been reduced to 5.35 per cent. Dore is unrefined metal.

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