Gold MCX and Silver Prices moved higher today in Indian markets continuing their recent momentum. On MCX, October gold futures rose ₹300 to a new high of 56143 per 10 gram. Silver futures rallied ₹1,750 or 2.3% to ₹77,802 per kg. In the previous session, gold had surged 1.3% or ₹720 per gram, hitting an intraday high of ₹56,079 per 10 gram, while silver had jumped 5.6% or ₹4,100 per kg. In India, gold is up 44% this year, tracking a global rally.
Gold Outlook
Silver My 2nd Target was 78000, Hit High 77949 – Enjoy – Neal Bhai
Silver My 2nd Target was 78000, Hit High 77949 – Enjoy – Neal Bhai
In global markets, gold prices were flat today, supported by weaker US dollar and hopes of more stimulus measures. Spot gold was steady at $2,039.75 per ounce, after hitting an all-time high of $2,055 in the previous session. US gold futures rose 0.3% to $2,055.90. Among other precious metals, silver fell 0.4% to $26.91 per ounce, while platinum rose 0.4% to $970.67.
Gold is Still Significant and The Main Trend Remains Bullish
Gold retreated after a nine-day rally that included a record high as positive results from a vaccine study curbed demand for the metal as a haven, spurring investors to cash in recent gains.
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.
MCX Gold Silver Tips Today – Sell Call Rocking – Neal Bhai Reports
MCX Gold Silver Tips Today – Sell Call Rocking – Neal Bhai Reports
MCX GOLD 52850 — LOW 52604 FULL TARGET DONE
MCX SILVER 63500 — LOW 61945 FULL TARGET DONE
MCX GOLD LOW 52364, Technical Power of CFA’s – Neal Bhai Reports 👍🏼👍🏼⭐⭐⭐🔥🔥🔥💥💥💥💥🔥🔥🔥
MCX GOLD LOW 52364, Technical Power of CFA’s – Neal Bhai Reports 👍🏼👍🏼⭐⭐⭐🔥🔥🔥💥💥💥💥🔥🔥🔥 MCX GOLD 52750 To Low 52364 ENJOY OR NOT Gold’s surge to an all-time high is winning over a wider fan base of pension funds, insurance companies and private wealth specialists. Managers who run long-term portfolios worth …
RED ALERT – GOLD SPOT BELOW $1970 BIG DOWN SIDE EXPECTED TARGET $1904—$1890 – Neal Bhai Reports
RED ALERT – GOLD SPOT BELOW $1970 BIG DOWN SIDE EXPECTED TARGET $1904—$1890 – Neal Bhai Reports
Gold prices edged lower today in India after posting strong gains in the previous two session. On MCX, August gold futures fell 0.1% to ₹52,540 per 10 gram. Silver futures on MCX advanced 0.18% to ₹65,123 per kg.