The All India Gem and Jewellery Domestic Council (GJC) has sought a reduction in import duty on gold and called for increasing the cash purchase limit of gold to ₹1 lakh, from ₹10,000.
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.
Gold Futures Score Highest Finish in Over 6 Years – Gold Silver Reports
Gold Silver Reports (GSR) – The precious metal has rallied 11% this year, with much of the move occurring in the last several months, as concerns around slowing global growth and U.S.-China trade tensions took hold among investors. It continued to tick up on Wednesday after President Donald Trump said he intended to nominate two dovish candidates to the Federal Reserve’s board of governors.
Gold Spot Trades Below $1403 Level, Best-Way Sell on Rise – Neal Bhai
Gold Technically Outlook – Near Term Gold Spot Hurdle Kye is Between $1400—$1403 and any break above that targets key $1410——$1427 level. Major Upside Move only above $1444 level.
Gold Prices Today Fell Sharply in India – Gold Silver Reports
Gold Silver Reports (GSR) – Gold prices today fell sharply in India, mirroring a big decline in global prices. On MCX, gold futures for August delivery fell below the ₹34,000 per 10 gram, when they declined 1.2% to ₹33,810. The October gold contracts on MCX also fell sharply but managed to hold on to ₹34,000 level.
Commodities Weekly Live Research Report 01 — 05 July 2019 | Neal Bhai Reports
MCX Live Commodities Weekly Technical Live Research Report 01 — 05 July 2019 By Neal Bhai Reports (NBR)
Gold Prices May see Mild-Correction soon – Gold Silver Reports
Use the Mild Correction
While the fundamentals are still intact, experts feel that there may be a mild correction in gold prices after the recent spurt. Gold has seen five weeks of continuous gains and therefore, events like the upcoming US Federal Reserve meeting, G-20 meeting, etc can trigger a correction.