Gold Silver Reports – Gold Prices Plunge by Rs 460 on Weak Global Cues, Fall in Demand — Gold prices tumbled by Rs460 to Rs31,390 per 10 grams at the bullion market on Wednesday, snapping their four-day rising streak due to subdued global cues amid slump in local jewellers’ demand. Silver also fell by Rs250 to Rs39,300 per kg owing to reduced offtake by industrial units and coin makers.
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Global Gold Prices Edge Up as Outlook for Faster US Interest Hikes Weigh
Gold Silver Reports – Global Gold Prices Edge Up as Outlook for Faster US Interest Hikes Weigh — Gold prices up slightly on Wednesday, extending the decline from the previous session, as investors interpreted comments from Federal Reserve chairman Jerome Powell to mean that the US may raise interest rates more frequently than anticipated this year.
Gold Prices Up by Rs190 on Firm Global Cues, Jewellers’ Buying
Gold Silver Reports – Gold Prices Up by Rs190 on Firm Global Cues, Jewellers’ Buying — Gold prices maintained its upward trend for the fourth day on Tuesday, climbing Rs190 to Rs31,850 per 10 grams, largely in line with a firm trend overseas amid sustained buying by local jewellers. However, silver prices slipped by Rs150 to Rs39,550 per kg due to reduced offtake by industrial units and coin makers.
Indian Jewellers Shy Away as High Gold Prices Dent Appetite
Gold Silver Reports – Indian Jewellers Shy Away as High Gold Prices Dent Appetite — High local prices hit physical gold demand in India this week while activity in most other Asian centres remained subdued due to the Lunar New Year holiday.
Gold Prices to Soar on Tax Reforms & Inflation Fuels
Gold Silver Reports – Gold Prices to Soar on Tax Reforms & Inflation Fuels — The Federal Reserve raised rates for the third time in 2017 following the Federal Open Market Committee (FOMC) meeting on 12 December. Since 2015, gold has established a year-end pattern where it becomes oversold ahead of the December Fed rate decision.
Global Gold Prices Hit 1-Week High on Weaker Dollar ahead of US Data
Gold Silver Reports – Global Gold Prices Hit 1-Week High on Weaker Dollar ahead of US Data — Gold prices rose for a third straight session on Wednesday to hit a one-week high, buoyed by a weaker dollar, while investors awaited US inflation data for clues on the pace of future US interest rate increases.
Gold Prices up on Jewellers’ Buying, Global Cues – Goldman Neal Bhai Reports
Gold Silver Reports – Gold Prices up on Jewellers’ Buying, Global Cues – Gold prices rose by Rs50 to Rs31,300 per 10 gram on Tuesday on steady buying by local jewellers and positive global cues. Silver prices too gained Rs50 to Rs39,250 per kg due to increased offtake by industrial units and coin makers.