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 prices slip to one-month lows following decline in global markets

Gold prices slip to one-month lows following decline in global markets

(Representational image) Gold prices slip to one-month lows following decline in global markets Photo: PTI Gold and silver prices fell sharply on Monday after the US Federal Reserve signaled more rate hikes to reign in a four-decade high inflation in the world’s largest economy. Gold futures on MCX slipped by 0.5% to one-month low of … 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

Bullion Cues: Will gold stay flat?

Bullion Cues: Will gold stay flat?

Gold produced a marginal gain last week as the dollar retreated from the high. However, silver continues to struggle and saw a marginal drop. In the international spot market, gold was up 1.2 per cent last week, as it closed at $1,727.6 an ounce on Friday. Silver, on the other hand, lost 0.5 per cent … 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.