Gold Silver Reports (GSR – INDIA) – Spot gold was 0.1 per cent higher at $1,268.24 an ounce by 0057 GMT. It touched its lowest since Dec. 19 at $1,260.84 on Thursday. US gold futures for August delivery were nearly unchanged at $1,270.20 per ounce.
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Gold Slightly Up After Big Downdraft Last Friday
Gold Silver Reports (GSR) — Gold Slightly Up After Big Downdraft Last Friday – Gold prices are slightly higher in early-afternoon U.S. trading Monday. The market saw a tepid corrective and short-covering bounce after sharp losses suffered on Friday that saw the yellow metal hit a six-month low. There was also some risk aversion in the marketplace today that might also be giving gold some mild support. August Comex gold futures were last up $2.00 an ounce at $1,280.40. July Comex silver was last down $0.025 at $16.45 an ounce.
Gold Prices Rise by ₹150 Today
Gold Silver Reports (GSR) – Gold prices rose by ₹ 150 to ₹ 31,950 per 10 grams on Wednesday amid fresh demand from local jewellers despite weakness in global gold prices, reported PTI. Moreover, a depreciating rupee against the US dollar, which makes gold imports costlier, supported domestic gold prices. Silver prices, however, edged down by ₹ 10 to ₹ 41,550 on selling pressure, added the report. Global gold prices fell to a one-week low in the previous session, as investors waited for clues on the pace of future interest rate hikes by the US Federal Reserve when its policy meeting concludes later in the day.
Gold Price Target Till Diwali 32500—33500 Level on Weak Rupee
Gold Silver Reports (GSR) – Gold prices are likely to hold in the range of ₹ 32,500—33,500 per ten grams until Diwali Target in the domestic market, and internationally the Gold might be in USD $1,180—$1,410 an ounce level.
Should You Buy Gold Now? Here’s What Experts Say
Gold Silver Reports (GSR) – Should You Buy Gold Now? Here’s What Experts Say — Several factors could limit gold’s upside potential for now. On the news front, last week ended with a stronger-than-forecast U.S. jobs report for May, with unemployment continuing to fall but wages rising more than expected, pointing to inflation risks, the bank says. “The U.S. Fed is likely to see this as confirmation that its cycle of rate hikes is appropriate,”
Gold Prices Kiss Top Rs 32000 Jewellers Buying
Gold Silver Reports (GSR) – Gold Prices Kiss Top Rs 32000 Jewellers Buying – Traders said fresh buying by local jewellers and retailers at existing lower levels at the domestic spot market and a firm trend overseas, as political uncertainty in Italy and concerns of a possible China-US trade war spurred safe-haven demand, mainly led to the rebound in gold prices.
Gold Prices Zoom on Donald Trump Decided to Terminate the Planned Summit in Singapore on June 12th
Gold prices maintained its upward trend for the second straight day on Thursday, climbing another Rs125 to Rs 32,125 per 10 gram at the bullion market amid positive global cues and increased buying by local jewellers.