Discover why gold prices in India crossed ₹1 lakh per 10 grams on MCX for the first time. Learn about global tensions, a weak rupee, and US economic trends driving this historic rise. Domestic mcx gold futures jumped 2.2% to touch ₹1,00,403 per 10 grams in early trade. This psychological milestone reflects both domestic currency weakness and strong overseas cues.
Gold Demand
Gold hits new high of Rs 78,500 on safe investment and festive demand
Gold price hit a new high of Rs 78,500 per 10 gram on Wednesday on safe-haven buying amid rising tensions in the Middle East and a drop in US bond yields. Market participants expect the yellow metal to gain further as global geopolitical uncertainties grow. Prices rose by Rs 1,700 per 10 gram from Tuesday.
China’s Recovery Points to Lunar New Year Boost for Gold Demand
Gold Demand : China’s economic recovery from the coronavirus pandemic may offer some solace to gold bulls, with expectations building that jewelry demand will rebound following last year’s wipe out.
India gold demand : In 2021, you will see a big spurt in demand
Gold demand in the world’s second-biggest user will rebound this year after collapsing in 2020 as the rollout of vaccines pushes life back closer to normal, according to the World Gold Council.
Chinese Gold Demand Still Going up – But Slowly
Chinese Gold Demand Still Going up, But Slowly. This year SGE December withdrawals slightly exceeded those for December 2019, and indeed was the highest withdrawal month of the year, although it still fell slightly short of the December 2018 figure.
Gold Consumption Fell 56% From a Year Earlier to 165.6 Tons – GSR
Gold purchases by Indians this year are forecast to tumble to a record low as the coronavirus pandemic hurts the economy and prices surge to all-time highs, according to the World Gold Council.
Physical Gold Price – लॉकडाउन का दिखा असर, सोने की कीमतों में गिरावट
Physical Gold Price – लॉकडाउन के चलते सोने की कीमतों में गिरावट का दौर जारी है। शुक्रवार को हाजिरबाजार बंद थे और वायदा भाव में भी कमीदेखी गई। एमसीएक्स एक्सचेंज पर शुक्रवार कीशाम को आगामी 5 जून, 2020 के लिए सोने केवायदा दाम 0.79 फीसदी या 343 रुपए कीगिरावट पर थे।
Gold Silver Trend Today – Bullion Sell Karna Mana Hai – Neal Bhai
Gold Silver Trend Today – In global markets, gold rates today dropped 1.4% to $1,465.34 an ounce, also extending losses to the seventh time in eight sessions. So far this year, gold prices are down over 3%, while globalstocks have plunged almost 30% and crude oil collapsed by 60%. Among other preciousmetals, silver was little changed while platinum fell 2.4%.
वायदा बाजार में सोने की कीमतों में गिरावट
वायदा बाजार में सोने की कीमतों में गिरावट का रुख बुधवार को भी जारी है। एमसीएक्स एक्सचेंज पर बुधवार दोपहर 12 बजकर 19 मिनट पर तीन अप्रैल 2020 के सोने का वायदा भाव 1.55 फीसद या 622 रुपये की गिरावट के साथ 39,622 रुपये प्रति 10 ग्राम पर ट्रेंड करता दिखा। इसके अलावा पांच जून 2020 के सोने का वायदा भाव एमसीएक्स पर इस समय 1.45 फीसद या 585 रुपये की गिरावट के साथ 39,865 रुपये प्रति 10 ग्राम पर ट्रेंड कर रहा था।
MCX Gold 500 Point Down….. Enjoy or Not – Rona Mana Hai – Neal Bhai
MCX Gold prices were flat today in Indian markets after a sharprise in the previous-session. On MCX, April futures were down 0.06% to ₹40,220 per 10 gram afterrising about ₹900 in the previous session.