Gold Silver Update : Profit Book Market Crash, Power of Analysis | Gold Silver Reports. Spot silver prices have been on the back foot in recent trade and have dropped back to the $26.00 level from early European session highs of above the $26.40 mark. That means that silver is back trading in negative territory, down about 0.75% or just under 20 cents on the day.
Gold Silver Update
Gold Prices Slip ₹520; Silver Rate Down ₹425
Gold prices on Thursday slumped by ₹520 to ₹31,250 per 10 gram at the bullion market tips here due to weak demand from jewellers amid weak global cues, according to the All India Sarafa Association.
Commodity Gold Market: Gold prices is Focused on What Equity Markets are Doing
Gold Silver Reports (GSR) – Gold is more focused on what equity markets are doing and if equities continue higher gold will trade lower despite a weaker dollar.
Gold Prices Slip Today, Silver Rates slump – Gold Silver Reports
Gold prices today edged lower, tracking a weak overseas trend and subdued demand from local jewellers. But silver prices recorded a sharp fall amid reduced offtake by industrial units and coin makers. Gold prices fell by Rs 30 to Rs 31,870 per 10 gram while silver rates slumped by Rs 500 to Rs 39,300 per kg, according to a report from Press Trust of India. Sovereign gold, however, remained flat at Rs 24,600 per piece of 8 gram.
Gold Slides Alongside Equities as Dollar Climbs – Gold Silver Reports
Gold fell alongside equity markets on Monday partly in response to gains in the dollar which is benefiting from a run of strong U.S. economic data reinforcing expectations of further interest rate rises.
No Flight into the “Relatively Safety of Gold” Given all the Uncertainty and Risk
Gold Silver Reports (GSR) – Those topics can be thought as risky events and in the old days, might have led to flights into the safety of the gold.
That’s not to be, as the precious metal is more focused on the rising dollar instead.