livemint_marketsabout 3 hours ago
BEARISH(90%)
sell
Published on the original source: 1 Apr 2026, 9:06 AM IST
Silver rate today: White metal drops 1% on profit booking, even as Gold price extends gains as Middle East tensions ease
Read original sourceAI Analysis
The precious metals sector is seeing a divergence, with gold benefiting from geopolitical stability while silver faces profit booking. This indicates a shift in safe-haven demand and speculative interest.
Trading Insight
Maintain a bearish bias on silver for short-term trades, while a bullish bias on gold is warranted given the current geopolitical backdrop.
Quick check: NMFGOLD neutral, MARUTI bearish bias (-1.3% 1d).
Key Evidence
- •Silver prices in India dropped nearly 1% to ₹2,38,601 per kg due to profit booking.
- •Gold prices rose 0.5% to ₹1,51,553 per 10 grams.
- •The rise in gold prices is amidst improving investor sentiment linked to Middle East conflict developments.
- •Risk flag: Sudden re-escalation of Middle East tensions could reverse gold's upward trend.
- •Risk flag: Stronger-than-expected US dollar could put renewed pressure on both gold and silver.
Affected Stocks
Negative
Profit booking in silver prices could lead to further declines in Silver ETFs, as indicated by past performance (Context [3]).
NMFGOLDNippon India Mutual Fund Gold ETF
Positive
Rising gold prices due to easing geopolitical tensions are positive for gold ETFs.
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