Tue, Dec 03, 2024
Gold prices remain firm across India, with 24K at Rs 77,340 per 10 gm. Silver trades steadily at Rs 90,900 per kg, reflecting stable market demand. (Image: Unsplash, Pixabay)
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Mon, Dec 02, 2024
Gold prices dipped on Monday as a stronger US dollar and profit-taking weighed on the market. Investors await key US economic data to assess the Federal Reserve’s policy direction. (Images: Pixabay, Unsplash)
Fri, Nov 29, 2024
Gold prices saw a significant rise on Friday, with futures gaining Rs 479 to reach Rs 77,035 per 10 grams. The upward trend in gold reflects global factors, including softer US Treasury yields and geopolitical tensions. (Image: Pixabay, Unsplash)
Mon, Mar 22, 2021
Expert Anuj Gupta said that as the financial year is coming to a close, some profit booking is expected as investors and traders could do some selling to clear their account books. He told investors not to worry if there is some selling activity, instead they should continue holding Gold and Silver futures with a longer term perspective
CapitalVia Investment Advisor highlights that Gold briefly rallied throughout the week, but then gave back the gains, forming a shooting star pattern as we sit on top of what should be big support. If it breaks below the previous weekly candlestick's lows, then the gold market has a long way to fall, maybe to $1500 in the next leg. Gold prices rose 0.7% this week, but it remained in a narrow range.
Gold Price Today 22-03-2021: Gold price today shot up Rs 57 and hit Rs 45,008 per 10 gm at Multi Commodity Exchange (MCX).
Fri, Mar 19, 2021
Gold, Silver price: CapitalVia Investment Adviser says that the Gold Spot price is trading below $ 1740 levels, The Fed’s decisions, U.S. Treasury yields fell sharply, dragging down the U.S. Dollar, while driving up demand for dollar-denominated gold. Downside support is $ 1675- $ 1700 levels, Resistance is at $ 1755 - $ 1720 levels
Gold Price Today 19-03-2021: Gold price today rose Rs 130 and hit Rs 44,970 per 10 gm at MCX (Multi Commodity Exchange).
Thu, Mar 18, 2021
CapitalVia Global Research highlights the Weekly Technical View on Individual Commodities like Gold and Silver. Detailed analysis will help traders and investors to understand the levels of both these commodities. Gold Spot trading above $1745 levels, After the Fed’s decisions and commentary the U.S. Treasury yields fell sharply, dragging down the U.S. Dollar, this effect is driving up demand for dollar-denominated gold.
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Gold Price Today 18-03-2021: Gold price today has rose Rs 27 per 10 gm at the Multi Commodity Exchange (MCX) and hit Rs 44,840 levels.
Wed, Mar 17, 2021
LBMA Gold Spot trading above $ 1730levels, The U.S. Federal Open Market Committee’s two-day meeting ends on Wednesday. The central bank is expected to reiterate its pledge to keep interest rates pinned near zero until the economy reaches full employment. Downside support is $ 1675- $ 1700 levels, Resistance is at $ 1741 - $ 1760 levels.
ICICI Prudential AMC said that since Budget 2021 was announced, gold price has been under the spotlight following the reduction on its import duty from 12.5% to 7.5% and the decision to set up and regulate the gold spot exchange, all of which bodes well for the bullion industry. A gold spot exchange will enable extensive availability of spot prices, leading to transparency and a benchmark price. This is a positive for gold-linked investment products like ETFs (Exchange-Traded Fund).
Gold, Rupee Rate Today: Gold prices opened flat on Tuesday and prices consolidated for most of the session in the range of Rs 44800 -Rs 45000 levels. Overall, prices remained supported in the last few sessions as U.S. Treasury yields eased, while investors awaited a U.S. Federal Reserve meeting which is likely to tackle concerns over rising inflation. Therefore, ICICI Securities expect Gold prices to recover further towards Rs 45400 level in the short term.
Gold Price Today 17-03-2021: For those who are planning to buy gold coins, jewellery or any other precious metals, there is a piece of good news for them.
Tue, Mar 16, 2021
Gold Price Today 16-03-2021: Gold remained firm on Tuesday, refusing to slide down appreciably. While Gold Futures were trading almost flat from the Monday closing price at 5:30 pm on MCX, Silver futures were down by Rs 323 or 0.5 per cent around this time. Expert Anuj Gupta, says the outlook is positive for gold and silver in near term. This is what he suggested for investments in Gold and Silver
CapitalVia Global Research says that LBMA Gold Spot trading above $ 1730 levels, due to decline in U.S. treasury yields might be signaling that market participants are heeding to the Federal Reserve’s current monetary policy. This policy includes keeping interest rates between zero and 25 basis points likely into 2022. Downside support is $1675- $1700 levels, Resistance is at $1740 - $1760 levels.
Gold Price Today 16-03-2021: The precious yellow metal rate rose Rs 160 per 10 gm at MCX (Multi Commodity Exchange) today morning and hit Rs 44,910.
Mon, Mar 15, 2021
Gold Price Today 12-03-2021: Gold and Silver started on a positive note on Monday after ending the previous week in the red. The Gold Futures were trading higher by Rs 81 or almost 0.2 per cent on MCX at 12:15 pm. Meanwhile, Silver futures were also expensive by Rs 120 or 0.2 per cent around this time. Expert Anuj Gupta, says the outlook is positive for gold and silver. This is what he suggests
In the International Market, Gold is already down from its last peak of almost $ 2000 to $ 1700 today, says Amit Jain is the Chief Strategist - Global Asset Class, Ashika Group. It is a correction of almost 17% from its peak of Aug 2020. Even in Indian market it is down from almost Rs 55000 to Rs 44000, which is a downfall of almost 20%.
CapitalVia Global Research highlights the Weekly Technical View on Individual Commodities like Gold and Silver. Detailed analysis will help traders and investors to understand the levels on both these commodities.
Gold Price Today 15-03-2021: The precious yellow metal rate at MCX (Multi Commodity Exchange) has slipped Rs 94 and hit Rs 44,785 per 10 gm today.
Fri, Mar 12, 2021
Gold Price Today 12-03-2021: Weakness in Gold continued Friday with price correction in spot price and Gold Futures. While the April Gold Futures were trading down by over 1 per cent on MCX at 4 pm today from the previous closing price on Wednesday, the spot price if Gold was also down by Rs 300 from the last reporting price, Anuj Gupta of Angel Broking says
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