Gold Silver Reports (GSR) – In the national capital, gold of 99.9% and 99.5% purity advanced by ₹130 each to ₹30,970 and ₹30,820 per 10 grams, respectively. The precious metal had gained ₹40 in the last two days. Sovereign, however, remained unchanged at ₹24,700 per piece of eight grams.
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Silver Prices Surge Today, Gold Rates Inch Higher
Gold Silver Reports (GSR) – The rise in gold prices could be attributed to sharp falls in global stock markets that would drive investors to the safe-heaven asset gold, and weakening of the dollar. Despite Trump’s intervention, the dollar was near one-year highs as Fed chairman Jerome Powell said US was poised for several more years of growth, strengthening prospects of rate hikes.
Gold Prices Recover from 5-Month Low, Silver Rates Slip
Gold Silver Reports (GSR) – In Delhi, gold rates of 99.9% and 99.5% purity edged up by Rs 25 each to Rs 30,825 and Rs 30,675 per 10 grams, respectively. The yellow metal had lost Rs 350 in the last two days.
Trump Lays into the Federal Reserve, Says he’s ‘Not Thrilled’ About Interest Rate Hikes
Gold Silver Reports (GSR) – In a stinging and historically rare criticism, President Donald Trump expressed frustration with the Federal Reserve and said the central bank could disrupt the economic recovery.
Gold Breaks a Key Longer Term MA Today, Trades at Lowest Level in a Year
Gold Silver Reports (GSR) – The price of gold took another step lower in trading today, and in the process, moved below the 200 week MA at $1234.36. The current price is trading at $1227.85, down $13 on the day. That is just above the low at $1226.16.
Amritsar’s Golden Temple to Glow Brighter With 160 Kg More Gold
Gold Silver Reports (GSR) – Golden Temple, the holiest shrine of the Sikhs, is set to shine brighter with 160 kg of gold being plated on the domes of its four deodis (entrances). This will be in addition to the gold-plated Harmandar Sahib in the middle of the sarovar (holy tank), the domes of Akal Takht, the highest temporal seat of the Sikhs, and darshani deodi (entrance to the sanctum sanctorum).
Trade War Sends Commodities to Biggest Drop in 5 Months
Gold Silver Reports (GSR) – China, the biggest consumer of everything from copper to coal, has warned that the proliferation of tariffs could cause a global recession.