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Gold Prices Have Fallen on Profit Taking

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धनतेरस

Gold Silver Reports (GSR) – Spot gold fell 0.4 per cent to $US1,254.81 per ounce after hitting its highest since June 26 of $US1,266.40 on Thursday. Gold prices have fallen on profit-taking, a day after bullion touched a near six-month high and the dollar rebounded, but the metal stayed on track for a weekly gain as the appetite for risk waned.

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Gold Prices Jump Today But Silver Rates Drop

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Union Budget 2022 expectations: Market hopes cut in gold import duty to 4%

In global markets, gold prices today edged higher supported by a softer dollar and weakness in the equities market. Overnight, the US Federal Reserve hiked interest rates by 25 basis points, as widely expected, but what took markets by surprise was the US central bank’s commitment to retain the core of its plan to tighten monetary policy, despite rising uncertainty about global economic growth. Spot gold prices rose 0.5% to $1,249.46 per ounce.

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Buy Gold for 1 Rupee: Sellers Try New Ways to Boost Demand

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Gold Prices

Gold Silver Reports (GSR) – “A lot of people have been buying at one rupee,” according to Gaurav Mathur, managing director of digital platform SafeGold, which has partnered with payments apps such as Flipkart Online Services Pvt.’s PhonePe to sell gold starting at that price. “It’s a low-risk way to try the product.” 

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