Silver Market Sees Modest Gain as Indian Equities Sell Off
The silver market closed at Rs 224,568.00 per kg on Thursday, up 0.39 percent, in a day marked by broad-based selling across Indian equities.
Nifty 50 fell 0.88 percent to 22,421.95, while India VIX spiked 7.64 percent to 14.52, its sharpest single-day jump since late September.
Univest's research desk notes that crude oil prices and the US Dollar Index will be key variables to track over the long weekend, as they often influence MCX pricing directly.