Gold hit a new lifetime high in both domestic and overseas markets last week. Uncertainty over US trade tariffs bolstered gold’s safe-haven appeal. Firm overseas prices, a record weak Indian Rupee, and stable demand offered additional support to domestic prices.
Future
Gold Price Recovers Further to Nearly $2,636 on the Fresh Escalation in the war Between Russia and Ukraine
Gold price (Yellow Metal), Silver (XAG/USD) extends its recovery for a 2nd consecutive day, trading around $2,636 in European hours on Tuesday, as Ukraine has already launched US-made ATACMS ballistic missiles into Russia, according to reports from local media RBC citing a source from the Ukrainian Armed Forces. The move has escalated fears of a nuclear war, prompting investors to flee towards safe-haven assets such as Gold.
Gold Defends Key $2,547 Support; What’s Next?
Spot Gold Price Forecast: The short-term technical outlook for Gold price remains more or less the same, with any recovery attempts likely to be short-lived as long as the 14-day Relative Strength Index (RSI) stays bearish.
हेज फंड्स का सोने पर तेजी का दांव चार साल के उच्चतम स्तर पर पहुंचा
मनी मैनेजर्स (Money Managers) द्वारा सोने में लगाए गए दांव चार साल के उच्चतम स्तर पर पहुंच गए हैं, जो अमेरिकी राष्ट्रपति चुनाव अभियान के बारे में निवेशकों की चिंताओं के साथ-साथ फेडरल रिजर्व (federal reserve) द्वारा ब्याज दर (interest rate) में कटौती के समय पर नए सिरे से ध्यान केंद्रित करने का संकेत देता है।
Digital Gold Firm Plans Metal Leasing for India’s Jewelers
Digital Gold Firm Plans: After giving Indians the option to buy gold online for as little as 10 rupees (12 cents), digital gold provider SafeGold is planning to let its customers lease their metal to credit-starved small jewelers.
Future and Options Setup
💡 Nifty March futures closed trading at 10,171.5 premium of 17.3 points versus discount of 0.6 points 💡 All series: Nifty open interest down 2 percent , Bank Nifty open interest down 2 percent 💡 India VIX ended at 15.7, down 3.3 percent 💡 Max open interest for March series …