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Gold Silver Tips Today Rocking, Gold Silver Pani Pani: Commodity prices traded mixed on Tuesday, after a weak trading session in the previous day.
Gold Prices Today: Gold struggled in Indian markets today as global rates fell to more than one week low. On MCX, gold futures were down 0.61% to ₹48,588 per 10 gram, extending losses to the second session.
The US dollar is edging higher on signals the Fed is nearing tapering bond buys. ADP’s NFP and the ISM Services PMI are set to rock markets. Oil extends its rise, cryptos move higher and AMC’s stock grabs attention with parabolic rises.
The third tranche of the sovereign gold bond (SGB) scheme 2021-22 opened for subscription on Monday. This issue comes soon after the first and second tranche, but is priced slightly higher than both.
Gold stored at the Bank of England has been selling for unusually high premiums recently, signaling that central banks may be back in the market buying.