At Gold Silver Reports, we provide trusted bullion tips covering gold and silver trading. Our experts share daily intraday and positional calls with clear buy/sell levels, stop-loss, and targets to help traders maximize profits in the bullion market.
The Spot Gold bulls will need to break above 1,511, the 2019 high, to travel north towards 1,530.00 and 1,555.00 resistances.
Gold is trading above its main simple moving averages suggesting bullish momentum in the medium term. Support is seen at 1,472.00 and the 1,452.00 levels.
Why Gold Prices in India @ A Six-Year High – अंतर्राष्ट्रीय वायदा बाजार कॉमेक्स पर सोना बुधवार को 1,500 डॉलर प्रति औंस यानी (1,06,443.45 रुपए प्रति औंस या 37,546.19 रुपए प्रति दस ग्राम) के पार चला गया है
Gold prices on Wednesday surged Rs 1,113 to hit an life-time high of Rs 38,488 per 10 gram in the national capital on sustained buying from jewellers amid strong trend overseas as fresh trade tensions between the US and China prompted investors to move towards gold as safe haven asset.
MCX Silver prices Fell sharply in Indian markets, tracking a decline in global markets. Silver contracts saw a sharper fall, with September contracts on MCX declining nearly 1% to ₹40,830 per kg. In global markets, MCX, August gold futures fell 0.50% to ₹34,347 per 10 gram while October contracts declined 0.6% to ₹35,206.
Gold Update: Gold prices were stable ahead of a U.S. Federal Reserve meeting later in the week where markets will watch for indications of monetary easing in the world’s largest economy.
One of the early bouncers she faced was hooked for six, when she announced that India would sell $10 billion of sovereign bonds in overseas markets. Whack! In one stroke, she moved the foreign currency risk on to her fiscal accounts, spread joy in domestic bond markets, and heralded lower local interest rates.