Gold Silver Reports – Gold prices rallied by Rs100 to Rs29,975 per 10 gram at the bullion market on Tuesday on the back of positive global cues amid increased buying by local jewellers. Silver prices followed suit and advanced by Rs170 to Rs38,870 per kg due to increased offtake by industrial units and coin makers.
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Global Gold Prices Kiss over 3-Week High on Dollar Weakness in thin Trading
Gold Silver Reports – Gold prices edged up on Tuesday in low-volume trade to more than three-week highs, helped by a weaker dollar. Spot gold was up 0.3% at $1,278.06 per ounce at 8.22am, after hitting its highest since 1 December at $1,279.05. US gold futures rose 0.3% to $1,282.50 an ounce.
Gold Prices Weaken Marginally on Tepid Demand
Gold Silver Reports – Gold prices softened by Rs15 to Rs29,685 per 10 gram at the bullion market on Friday as demand from local jewellers eased even as the metal strengthened overseas. Silver prices followed suit and declined by Rs60 to Rs38,220 per kg due to reduced offtake by industrial units and coin makers.
Gold MCX Buy on Dips Support Key Level at 28420—28301
Gold Silver Reports – Gold MCX Buy on Dips Support Key Level at 28420—28301 – Technically Gold market is under fresh buying as market has witnessed gain in open interest by 1.26% to settled at 6889 while prices up 88 rupees.
Gold Prices Edge up on Global cues, Jewellers’ Buying
Gold Silver Reports – Gold Prices Edge up on Global cues, Jewellers’ Buying – Gold prices inched up by Rs10 to Rs29,700 per 10 gram at the bullion market on Thursday on firm trend overseas amid scattered buying by local jewellers. Silver also rebounded by Rs105 to Rs38,280 per kg, backed by increased offtake by industrial units and coin makers.
Gold Prices Bounce on Positive Global Cues
Gold Silver Reports – Gold prices surged by Rs175 to Rs29,700 per 10 grams at the bullion market on Tuesday, driven by a firm trend overseas amid fresh buying by local jewellers. Silver prices also went up by Rs150 to Rs38,250 per kg due to increased offtake by industrial units and coin makers.
Gold Prices Have Shown Recent Technical Weakness
Gold Silver Reports – Once the Republican tax cuts are signed into law, there is likely to be more upside for equities and further downside risk for the precious metal.