Citigroup Inc.’s prediction that gold could rally above $2,000 an ounce in two years would be negative for another precious and shiny commodity: diamonds, according to Barry Ehrlich, an analyst at the bank.
Commodity News
Commodity News – Real-time Accurate MCX Commodity Market News and forecast for today. Best commodity market online tips through whatsapp and telegram by Neal Bhai.
Spot Gold Bearish Traders are likely to Aim Towards Testing the Target $1440 Level
Spot Gold Bearish traders are likely to aim towards testing the $1440 support area. Gold maintained its bid tone through the mid-European session on Wednesday and for now, seems to have snapped four consecutive days of losing streak.
Gold Silver Rates Continued to Tumble
Gold prices today edged lower in India while gold silver rates continued to tumble. On MCX, October gold futures were trading 0.07% lower at ₹38,527, down over ₹1,300 from last week’s highs of ₹39,885. Silver futures on MCX fell 0.51% to ₹47,640 per kg, continuing their recent slump after hitting ₹51,489 last week.
Alert – MCX Trading Holidays 10 September 2019 MOHARRAM (TUESDAY) Market Open in Evening Session 5:00pm – 11:30pm
Alert – MCX Trading Holidays 10 September 2019 MOHARRAM (TUESDAY) Market Open in Evening Session 5:00pm – 11:30pm
The festival of Muharram is the first month of the Islamic calendar. It is considered the second holiest month after Ramzan. Muharram, one of the four sacred months, is observed by Muslims across the world.
History of Muharram:
मोदी सरकार सस्ते में बेचेगी सोना
घरेलू बाजार में लगातार चढ़ती सोने की कीमतों के बीच सरकार ने निवेशकों को सस्ती दरों पर सोना खरीदने का मौका दिया है। निवेशक सॉवरेन गोल्ड बॉन्ड (Sovereign Gold Bond) योजना के तहत बाजार मूल्य से काफी सस्ता सोना खरीद सकते हैं। इसकी बिक्री पर होने वाले लाभ पर आयकर नियमों के तहत छूट भी मिलेगी। आइए जानते हैं इस योजना और सोने की कीमत के बारे में।
Massive fall in Gold Silver prices — Gold Silver Reports
Gold and silver prices in India continued their slide today, tracking similar global trend. On MCX, October gold futures prices were down 1% today to ₹38,527 per 10 grams, off over ₹1,000 from all-time highs of ₹39,885 hit earlier this week.
India’s Gold imports Hit Three-year Lows, May not have a big impact on Gold prices
India’s Gold imports Hit Three-year Lows, May not have a big impact on Gold prices. Indian Gold imports in August fell 73% from a year ago to hit the lowest level in three years as the hike in import duty and record highs in local prices curbed retail demand, a government source said on Wednesday.