2ND Buy GOLD MCX TIPS Rocking – 52000 to 52880 – Neal Bhai Reports
MCX GOLD 52000 To 53050
2ND Buy GOLD MCX TIPS Rocking – 52000 to 52880 – Neal Bhai Reports
MCX GOLD 52000 To 53050
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.
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 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 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 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 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
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.
Gold yesterday settled up by 0.66% at 51035 amid an escalation in the U.S.-China spat added further safe-haven fuel to a rally to a peak driven by fears over the economic hit from the coronavirus pandemic.
Gold is off to a strong start this week in Indian markets after posting strong gains in the previous week. On MCX, August gold futures rose 1.5% or ₹800 to a record high of ₹51,833 per 10 gram, tracking a global rally. Silver prices also rallied today. Silver futures on MCX gained 5.5% or ₹3,400 to ₹64,617 per kg. In the previous week, gold prices had surged 4% while silver had jumped 15%.