Gold Silver Reports – Gold prices rallied by Rs100 to Rs29,975 per 10 gram at the bullion market on Tuesday on the back of positive global cues amid increased buying by local jewellers. Silver prices followed suit and advanced by Rs170 to Rs38,870 per kg due to increased offtake by industrial units and coin makers.
Day: December 26, 2017
Global Gold Prices Kiss over 3-Week High on Dollar Weakness in thin Trading
Gold Silver Reports – Gold prices edged up on Tuesday in low-volume trade to more than three-week highs, helped by a weaker dollar. Spot gold was up 0.3% at $1,278.06 per ounce at 8.22am, after hitting its highest since 1 December at $1,279.05. US gold futures rose 0.3% to $1,282.50 an ounce.
Blockchain for Commodities Markets
Gold Silver Reports – Blockchain for Commodities Markets >> Blockchain technology, which has already been adopted by gold traders, is starting to show the potential to transform other sectors of the global physical commodities markets.
Crude Oil MCX Buy on Dips, Buy Between 3710—3680 Resistance Key 3777
Gold Silver Reports – Crude Oil MCX Buy on Dips, Buy Between 3710—3680 Resistance Key 3777 — Technically Crude Oil market is under fresh buying as market has witnessed gain in open interest by 3.44% to settled at 14513 while prices up 5 rupees.
Silver MCX Buy on Dips, Support 37444 – No Charm for Indian Traders at lower Price
Gold Silver Reports – Silver MCX Buy on Dips, Support 37444 >> Technically Silver market is under short covering as market has witnessed drop in open interest by 7.28% to settled at 20597 while prices up 424 rupees.
Japan Inflation Picks Up in November But Still Well Below Target
Gold Silver Reports – Japan Inflation Picks Up in November But Still Well Below Target — Japanese inflation unexpectedly sped up in November but prices are still rising at less than half the rate targeted by central bank.