MCX Gold Silver Tips for Today – Hit Full Target Enjoy – Neal Bhai

Gold Silver Tips for Today

MCX Gold Silver Tips for Today – Hit Full Target Enjoy. After posting gains of over 25% in 2020, gold prices have suffered wild swings from the start of this year. After hitting a high of ₹51,800 per 10 gram last Tuesday, gold futures on MCX fell to ₹48,635 at day’s low today. On Friday, gold had tumbled ₹2,050 per 10 gram while silver had tanked ₹6,100 per kg. Last August, gold had hit a record high of ₹56,200 per 10 gram.

Read moreMCX Gold Silver Tips for Today – Hit Full Target Enjoy – Neal Bhai

Why Gold Prices Slumped ₹2,000 in a Day and Silver Crashed ₹6,000

Gold Prices

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.

Read moreWhy Gold Prices Slumped ₹2,000 in a Day and Silver Crashed ₹6,000

Gold Spot Below $1852, Door Open $1780 — $1740 – Neal Bhai Reports

Gold Spot Below $1852, Door Open $1780 — $1740. Gold and silver prices suffered steep losses on Friday, tracking a sharp decline in global rates. On MCX, February gold futures slumped 4% or ₹2050 to ₹48,818 per 10 gram while silver futures tanked ₹6,100 or 8.8% to ₹63,850 per kg. In global markets spot gold dropped nearly 4% to $1,833.83 per ounce as a jump in US Treasury yields hammered bullion’s safe-haven appeal.

Read moreGold Spot Below $1852, Door Open $1780 — $1740 – Neal Bhai Reports