Gold extended gains for yet another week at the bullion market with prices rising by another Rs 140 to Rs 34,590 per 10 gram as local jewellers continued their buying activity to meet ongoing wedding season demand, coupled with positive cues from global markets.
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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 Silver Slip on Muted Spot Demand
Gold Silver Reports (GSR) – Gold prices fell in futures trade on Friday dragged by muted demand at the spot market. Silver also fell on reduced orders from industrial units and coin makers.
Spot Gold Golden Triangle Pattern, Above $1300 Target $1352—$1372 – Neal Bhai
Spot Gold Golden Triangle Pattern, Above $1300 Target $1352—$1372 – Neal Bhai
Gold Hovers Near 10-month Peak Amid Steady Dollar After Fed Minutes
Gold prices were firm near a 10-month peak on Thursday, with the dollar holding steady in the wake of minutes from the latest U.S. Federal Reserve meeting that rekindled expectations of a possible rate hike later in the year.
Gold @ Two Week High on Trade Deal Hopes
Gold Silver Reports (GSR) – Spot gold had gained 0.1 percent to $1,322.41 per ounce as of 0747 GMT. The metal touched $1,325.30 earlier, just below a 9-month peak of $1,326.30 an ounce marked on Jan. 31.
Crude Oil Kiss 3 Month High on OPEC Cuts
Gold Silver Reports (GSR) – Crude Oil prices rose to their highest levels since November last year on Monday, lifted by OPEC-led supply cuts and U.S. sanctions on Iran and Venezuela.
Gold Imports Down 5% During April-January to $26.93 Billion
Gold Imports Down 5% During April-January to $26.93 Billion – In volume terms, the country’s total gold imports increased by 22.43% to 955.16 tonnes in 2017-18. It stood at 780.14 tonnes in 2016-17.