Gold prices maintained its upward trend for the second straight day on Thursday, climbing another Rs125 to Rs 32,125 per 10 gram at the bullion market amid positive global cues and increased buying by local jewellers.
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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.
Physical Gold Kiss Rs 32000 on Jewelers Demand
Gold Silver Reports (GSR) – Physical Gold Kiss Rs 32000 on Jewelers Demand — Traders said increased Physical buying by local jewellers to meet retailers’ demand at domestic spot market and a depreciating rupee against the dollar, making gold import costlier, supported the uptrend.
Bata India Jumps On Reporting Strong Q4 Earnings
Gold Silver Reports (GSR) – Bata India Jumps On Reporting Strong Q4 Earnings – Shares of the Gurugram-based shoe maker rose as much as 4.3 percent, the most in over a month, to Rs 782.20 after its profit and revenue surpassed Bloomberg consensus estimates in March quarter.
Global Gold Prices Slip as Investors Eye Riskier Assets
Gold Silver Reports (GSR) – Spot gold was down 0.2% at $1,290 per ounce, as of 11.54am. In the previous session, it slid to $1,281.76, its lowest since 27 December. US gold futures for June delivery slipped 0.1% to $1289.8 per ounce.
Gold Prices Continue Down on Muted Demand
Gold Silver Reports (GSR) – Gold Prices Continue Down on Muted Demand — Gold prices slipped by Rs75 to Rs31,875 per 10 grams at the bullion market on Monday on easing demand from local jewellers amid weak trend overseas. Silver prices cracked below the Rs41,000-mark by falling Rs440 to Rs40,760 per kg due to reduced offtake by industrial units and coin makers.
An Ugly Day For Gold Silver
Gold Silver Reports (GSR) – An Ugly Day For Gold Silver — For gold bulls, Tuesday’s trade should turn out to be bullish with the blow-off pattern selling on heavy volume. Gold is very close to our $1,280 target, although $1,260 could come into play. Once $1,280 shows, we will be ready to start buying when support holds.
MCX Silver Tips Below 40100 Only Sell, Silver MCX Trading Zone 39200-40100 – Neal Bhai MFA Technical Analyst
Neal Bhai MFA Technical Analyst – MCX Silver Tips Below 40100 Only Sell, Silver MCX Trading Zone 39200-40100 – U.S. retail sales increased marginally in April as rising gasoline prices cut into discretionary spending, but consumer spending appeared on track to accelerate after slowing sharply in the first quarter. Federal Reserve Chair Jerome Powell’s top deputies are edging toward a clash that could shape the pace of interest-rate hikes in coming months, as well as how the Fed should prepare for and combat the next economic downturn.