Why is Precious Metal Price Rising?

MCX Gold Tips Today

Gold Silver Reports (GSR) – Why is Precious Metal Price Rising? – In India, gold prices today crossed the 34,000 per ten gram, buoyed by a global rally in the precious metal. Global prices today rose to five-year high after the US Federal Reserve signaled rate cuts later this year.

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Gold Prices Break 2-Day Falling Streak – Gold Silver Reports

Gold Silver Reports (GSR) – Gold prices on Thursday rose by Rs. 150 to Rs. 32,870 per 10 grams on fresh buying from jewellers, reported news agency Press Trust of India (PTI) quoting the All India Sarafa Association. Silver also gained Rs. 295 to Rs. 38,520 per kg on more offtake by industrial units and coin makers.

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Gold Prices Down Below Rs. 34000 On Weak Global Cues — GSR

Gold Prices

Gold Silver Sentiment remained bearish on the back of a weak trend overseas as the dollar strengthened to a 10-week high against the yen, boosted by better-than-expected US gross domestic data for the fourth quarter, making bullion less attractive as a safe-haven investment, traders were quoted as saying in the PTI report. Gold prices had fallen by Rs. 570 in the previous two days.

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Buy Gold for 1 Rupee: Sellers Try New Ways to Boost Demand

Gold Prices

Gold Silver Reports (GSR) – “A lot of people have been buying at one rupee,” according to Gaurav Mathur, managing director of digital platform SafeGold, which has partnered with payments apps such as Flipkart Online Services Pvt.’s PhonePe to sell gold starting at that price. “It’s a low-risk way to try the product.” 

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