Gold Silver Reports (GSR) – The gold rally continues. In India, on the Multi Commodity Exchange (MCX), gold for delivery in August contracts traded higher by over 1% to ₹34,810 per 10 gram. The gold for delivery in October contracts, too, rose by over 1% to ₹35,020 per 10 gram.
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Spot Gold Upside Resistance Levels $1,444 – Neal Bhai
![Gold Price Intraday Technical Forecast By Neal Bhai [08-06-2022]](https://www.goldsilverreports.com/wp-content/uploads/2018/12/gold-silver-shop-neal-bhai-reports.jpg)
Spot Gold Upside Resistance Levels $1,444 – रत्न और आभूषण उद्योग ने सोमवार को वित्त वर्ष 2019-20 के लिए केंद्रीय बजट में गोल्ड पर सीमा शुल्क में कटौती के लिए सरकार से संपर्क किया। फिलहाल गोल्ड पर सीमा शुल्क 10 फीसद है।
Gold Prices Slip, Silver Surges on Increased Offtake
Gold prices today declined by ₹100 to close at ₹34,270 per 10 gram in the bullion market. The fall in prices is attributed mainly due toeasing demand from jewellers despite a positive overseas trend.
Gold Prices Hit a Lifetime High, Bullion Dealers have Started Luring Customers with 1 per-cent Discount
Gold Silver Reports (GSR) – As the price of gold hit a lifetime high, bullion dealers have started luring customers with 1 per cent discount for rolling over their working capital, to remain afloat in this business.
Silver Prices Kiss Fresh 4 Week High @ $14.97 Mark, U.S. ISM non – Manufacturing PMI Data in Focus
Gold Silver Reports (GSR) – Silver prices is currently trading around $14.82 marks. Intraday bias remains neutral till the time pair holds key resistance at $14.80 mark. It made intraday high at $14.97 and low at $14.76 levels.
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.”
Bullion Market has Risen by about 1.7% so Far This Month
Bullion Market has risen by about 1.7% so far this month and 1.6% for the week. “People are doing fear trade now and running towards gold,” said Michael Matousek, head trader at U.S. Global Investors. He noted investors were unsure of what Trump planned to do.