Global gold rates today at 2-year lows. Should you buy now?

Global gold rates today at 2-year lows.  Should you buy now?

Gold rates today in the spot market have hit a 2-year low of $1,661, breaching its strong support of $1,685 per ounce. Gold price today on Multi Commodity Exchange (MCX) is also down by ₹92 per 10 gm in early morning deals to ₹49,220 levels. According to commodity experts, yellow metal is under pressure after … Read more

Bullion rises in domestic market on firm global cues

Bullion rises in domestic market on firm global cues

Gold Silver: Prices of gold and silver prices opened higher in Mumbai’s spot market on Friday, September 2, 2022 taking cues from firm global prices, analysts said. The opening price for 999 purity gold was Rs 50,470 per 10 grams, up Rs 61 from Thursday’s closing price of Rs 50,409, while that of 999 purity … Read more

Gold and silver prices inch higher in spot market; futures dip

Gold and silver prices inch higher in spot market;  futures dip

Gold Silver Today: Prices of gold and silver prices opened a tad higher in Mumbai’s spot market on Tuesday, August 30, 2022. The opening price for 999 purity gold was Rs 51,325 per 10 grams, up Rs 60 from Monday’s closing price of Rs 51,265, while that of 999 purity silver was Rs 54,365 per … Read more

Gold price dips after four weeks rally. Is it a buying opportunity?

Gold price dips after four weeks rally.  Is it a buying opportunity?

Following the rebound in the dollar index and US Fed officials remaining committed to raising interest rates, the gold price rally took a break in the week gone by. Ending the four weeks rally, MCX gold rate finished at ₹51.505 per 10 gm levels, logging over 2 per cent weekly loss in the week gone … Read more

Gold price surges to a one-month high. Should you buy now?

Gold price surges to a one-month high.  Should you buy now?

Gold price today: On account of rising concern of slowdown in global economic activities and escalation in US China tension, gold prices surged to a one month high in the week gone by. Gold price October future contract on Multi Commodity Exchange (MCX) finished at ₹51,864 per 10 gm whereas the spot gold price ended … Read more

Bank of England to OPEC meeting: Top 5 triggers for gold price in the near term

Bank of England to OPEC meeting: Top 5 triggers for gold price in the near term

Gold price shot up by nearly 2.39 per cent in the week gone by, while carrying forward the positive momentum of the previous week driven by a ‘mildly hawkish’ stance of the US Fed on interest rate hike. as expected, the US central bank raised the interest rate by 75 bps for the second month … Read more

Gold price dips over ₹ 1000 this week. Is this correction a buying opportunity?

Gold price dips over ₹ 1000 this week.  Is this correction a buying opportunity?

Gold price today: After witnessing a bumpy ride throughout the week gone by, gold price on Multi Commodity Exchange (MCX) logged 2.20 per cent weekly loss and ended at ₹50,810 mark on Friday. Sharp impulse in dollar index and US Fed’s hawkish stance on interest rate hike amid rising fear of global inflation were among … Read more

Gold Price Today: Weaker Rupee to hold yellow metal slide domestically, amid strengthening Dollar; analyst suggests strategy

Gold Price Today: Weaker Rupee to hold yellow metal slide domestically, amid strengthening Dollar;  analyst suggests strategy

Gold Price Today: Expert Anuj Gupta recommends a buy strategy for MCX August Gold Futures for the intraday traders at Rs 50500 with a stop loss of Rs 50250 and price target of Rs 50900.

Gold Price On Cusp Of Giving Breakout In Spot Market. Should You Buy Now?

Gold Price On Cusp Of Giving Breakout In Spot Market.  Should You Buy Now?

Gold price today: On account of continuous fall in the dollar index and the benchmark 10-year note slipping to six weeks low, gold price rally continued for second successive week. Gold future contract for June 2022 on Multi Commodity Exchange (MCX) ended at ₹50,928 per 10 gm levels on Friday whereas spot gold price ended … Read more

Gold Price Today: MCX Gold up by Rs 243, MCX Silver dearer by Rs 660; bullion outlook positive, says analyst, recommends Buy

Gold Price Today: MCX Gold up by Rs 243, MCX Silver dearer by Rs 660;  bullion outlook positive, says analyst, recommends Buy

Gold Price Today: Gold prices extended gains for the fifth straight session on Tuesday, hovering around their two weeks highs it hit on Monday, a Motilal Oswal report said. The yellow metal will take cues from the preliminary manufacturing and services PMI data and US Federal Reserve Governor Jerome Powell, the report note.