Gold prices slipped in India today, mirroring a declining overseas trend. On MCX, August gold futures slipped 0.20% to 34,881 while the October contracts slid 0.2% to ₹35,164. August gold contracts had hit a record high of ₹35,145 last week.
Live Commodity News
Gold Tax Hike Fuels Smuggling Fears; May Hit Festival, Wedding Season
India, the world’s biggest consumer of gold after China, increased the import tax on the precious metal for the first time since 2013, spurring domestic prices to a record. Shares of jewelers slumped.
MCX Gold Futures Prices Up on Fresh Buying – Gold Silver Reports
Gold prices rose by Rs 75 to Rs 34,250 per 10 gram in futures trade Friday as participants created fresh positions, tracking a firm trend overseas.
सोना 22 सौ डॉलर के नए शिखर पर पहुंच सकता है – कमोडिटी गुरू जिम रॉजर्स कहा
कमोडिटी गुरू जिम रॉजर्स बातचीत में कहा – अगले साल सोना 22 सौ डॉलर के नए शिखर पर पहुंच सकता है। जिम रॉजर्स रूस के बाजारों पर अब भी बुलिश हैं। इनका कहना है कि सोने में आगे जोरदार तेजी दिखेगी। ग्लोबल इक्विटी में सुस्ती से गोल्ड में उछाल आया है। गोल्ड में निवेश करना सबसे बेहतर विकल्प है।
Gold Prices Slip, Silver Surges on Increased Offtake
Gold prices today declined by ₹100 to close at ₹34,270 per 10 gram in the bullion market. The fall in prices is attributed mainly due toeasing demand from jewellers despite a positive overseas trend.
Weekly Live Research Report 24 — 28 June 2019 | Neal Bhai Reports
MCX Live Commodities Weekly Technical Live Research Report 24 — 28 June 2019 By Neal Bhai Reports (NBR)
Physical Gold Discounts, China & Singapore Buying More Gold – Neal Bhai Reports
Gold Silver Reports (GSR) – Physical gold discounts in India widened to their biggest in five months this week as an upsurge in local prices dampened purchases, while China and Singapore saw demand rise from investors looking to hedge against a global slowdown.
U.S. Crude down by 0.3% at $52.1/bbl in early Trading in Asia
U.S. Crude down by 0.3% at $52.1/bbl in early trading in Asia after gains in previous session following tanker attacks
Physical Gold Rates Up for 2nd Days – Gold Silver Reports (GSR)
Gold Silver Reports (GSR) – Gold rates held steady on Tuesday, hovering near a three-month high hit in the previous session, as global slowdown worries driven by trade conflicts amid expectations of a US interestrate cut stoked investors towards the safe haven bullion.
Gold prices Kiss 3 Month High as Safe-Haven Buying – Gold Silver Reports
Gold Silver Reports (GSR) – “Gold prices Kiss 3 Month High as Safe-haven buying was also seen because manufacturing data from China and the euro zone were seen as a cause of concern.”