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Gold prices in India today resistance zone ₹38,300 level in futures markets while silver struggled. On MCX, October gold futures were down slightly at ₹37,960. Gold futures had hit a new high of ₹38,666 last week.
gold price India today
Gold Prices Today Fell Sharply in India – Gold Silver Reports
Gold Silver Reports (GSR) – Gold prices today fell sharply in India, mirroring a big decline in global prices. On MCX, gold futures for August delivery fell below the ₹34,000 per 10 gram, when they declined 1.2% to ₹33,810. The October gold contracts on MCX also fell sharply but managed to hold on to ₹34,000 level.
Gold prices Kiss 3 Month High as Safe-Haven Buying – Gold Silver Reports
Gold Silver Reports (GSR) – “Gold prices Kiss 3 Month High as Safe-haven buying was also seen because manufacturing data from China and the euro zone were seen as a cause of concern.”
Muted Domestic Demand Hurt Gold Prices for Second Day
Gold Silver Reports (GSR) – Gold had shed ₹50 to ₹33,170 per 10 gram on Tuesday. Bucking the trend, silver prices however today gained ₹20 to ₹39,120 per kg, tracking higher demand from industrial units and coin makers.