Silver On MCX Settled Up 1.21% At 41421 As Risk Averse Investors

Silver on MCX settled up 1.21% at 41421 as risk averse investors sought refuge in the safe haven metal amid geopolitical tensions triggered by North Korea, which tested a hydrogen bomb. In bullion complex, Gold has been a beneficiary of geopolitical tensions between the United States and North Korea, even as the dollar has become weaker.

The yellow metal has gained 16 per cent since the start of the year. Demand for the safe-haven metal was boosted after North Korea said on Sunday that it had conducted a test of a hydrogen bomb intended to be mounted on an intercontinental ballistic missile. Pyongyang called the test a complete success, with a greater yield than previous tests and no adverse impact on the environment.

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