Gold Prices Drop on Weak Global Cues, Low Demand

Gold Prices Drop on Weak Global Cues

Gold Prices Drop on Weak Global CuesGold Silver Reports — Gold Prices Drop on Weak Global Cues, Low Demand — Gold prices fell by Rs50 to Rs30,850 per 10 gram at the bullion market on Saturday on weak cues from overseas markets and fall in demand from local jewellers at domestic spot market. Silver followed suit and eased by Rs200 to Rs41,400 per kg due to reduced offtake by industrial units and coin makers.

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Gold Prices Jumps Rs650 on Demand Push, Retake Rs31,000 Level

Gold Prices Slip Today Silver Edges Lower

Gold prices jumpsGold Silver Reports — Gold prices jumps Rs650 on demand push, retake Rs31,000 level — Gold prices on Thursday took strength from a positive trend overseas by surging Rs650 per 10 grams to seize the Rs31,000 level, driven up by fresh local buying. But silver fell sharply by Rs350 to Rs41,500 per kg, mainly due to softening demand by industrial units and coin makers.

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Gold Testing Critical Breakout Level

Gold Silver Reports — Gold Testing Critical Breakout Level — Below looks at the gold/US dollar ratio over the past 8-years. The ratio is testing a level that has been critical to gold bulls for the past few years and we suspect it will be critical for it again at this level.

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