Gold rate today: Gold jewelry price varies across India, the second-largest consumer of the metal, due to excise duty, state taxes, and making changes.
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.
Silver Spot : Mar. Silver is 2 cents higher at 24.01 down 35 cents for the week. The EU has kept rates unchanged and will continue it’s 500Billion Euro bond purchasing program through March 2022. However the Dollar reacts expect an opposite reaction in Silver., i.e., if the dollar goes lower silver should rally, if dollar rallies silver should break. Still too volatile for positions. I still to the Dollar as a proxy.
Gold Silver Price Melting Like ICE : The XAU/USD pair came under sudden selling pressure and plunged to its lowest level since early July at $1,782.28.
Enjoy MCX Gold Silver Bloodbath – JO DAR GAYA SAMJHO MAR GAYA – The XAU/USD pair fell sharply in the last minutes and touched its lowest level since mid-July near $1,838. As of writing, the pair was trading around $1,840, losing 1.64% on a daily basis. MCX Gold Low 49360MCX Silver Low 60441 Read More …
Gold prices are rolling over, and I see the potential for a bearish breakdown as soon as next week.