1) Increase in Silver price will be positive for the Silver mining companies on account of large silver mining.2) The Reserve Bank of India (RBI) on Thursday relaxed gold lending norms, allowing lenders to give up to 90% of the value of the gold pledged as loans. Currently, banks can lend up to 75% of the value of gold jewellery and ornaments. This will provide better liquidity to cash-strapped borrowers opting for gold loans. The relaxation in LTV will be available till 31st March 2021. #MOMarketUpdates #gold #MotilalOswal #HindustanZinc #Indianstockmarket #Nifty #sensex #Commodities #Silver
Posted on : 06 Aug 2020 5:47 PM
Silver jumped to the highest in seven years at Rs 59615 and gold continued its march towards a record on expectations more stimulus is needed to help the global economy recover from the coronavirus pandemic. Rising gold and Silver price will be positive for Gold Finance stocks like Manappuram Finance and Muthoot Finance. #MOMarketUpdates #Indianstockmarket #commodities #safeinvestment #gold #silver
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