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Bullion Market : Gold and silver futures prices in the domestic market dipped further on Monday, following the massive fall in the previous session, as the US dollar firmed and economic conditions showed improvement.
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.
Copper and silver to Outperform Gold in 2021
Commodities witnessed an interesting end to a decade in 2020, which was for the most part unfriendly for the resourcessector. Investors brace for a new commodity supercycle in 2021 as globaleconomic recovery and reflation trades are set to play out strong. Industrial metals such as copper and silver are likely to outshine gold and crude oil prices.
Gold Price Today at Rs 52,860 per 10 gm, Silver Trending at Rs 63,900 kg
Gold price today jumped to Rs 52,860 from Rs 52,850, while silver price was trending at Rs 63,900 per kg, according to the MCX MONEY website.
Why Gold Prices Slumped ₹2,000 in a Day and Silver Crashed ₹6,000
Silver and gold prices fell sharply in Indian markets, amid a slump in global rates as higher US bond yields and a rebound in US dollar weighed on the precious metal. On MCX, February gold futures slumped ₹2050 to ₹48,818 per 10 gram on Friday while silver futures tanked ₹6,100 or 8.8% to ₹63,850 per kg.
Gold ETFs attract Rs 6,657 crore inflow in 2020
Gold ETFs : Economic downturn due to coronavirus pandemic and weakness in the US dollar encouraged investors to infuse a whopping Rs 6,657 crore in gold exchange-traded funds in 2020.
Gold Forecast, Stock Markets, Nifty and Bank Nifty Reports – Neal Bhai
Gold Forecast: Bullion Prices corrected sharply in the last session as the dollar pared losses while investorsfocused on the outcome of the US Senate run-off election in Georgia. Therefore, that gold prices outlook will remain in the range between Rs 50300 — Rs 51300 levels in the short-term.
Indian Spot Gold Rate and Silver Price
Spot Gold Rate in India (Rs. 51360) have increased since yesterday(Rs. 51350). Also, it was above the average gold price observed this week (Rs. 50614.29) by 1.47%.