Meanwhile, physical gold buying waned in major Asian centres last week as bullion prices rebounded from recent lows, with dealers in India offering the metal at a discount for the first time in over a month as an uptick in local rates moderated demand.
Live Commodity News
Gold Prices to Trade Upside Today: Neal Bhai Reports
Gold MCX Tips and Reports — We expect gold prices to trade higher today despite trade war concerns looming around the corner with Donald Trump likely to impose additional tariffs on Chinese goods.
Gold Prices rose by Rs 110 to Rs 31,510 per 10 gram, Mainly Due to Sustained Local Demand from Jewellers and Global Trend
In line with gold, silver prices also rose by Rs 200 to Rs 37,800 per kg on increased offtake by industrial units and coin makers, the report added. Silver coins remained unchanged at Rs 72,000 for buying and Rs 73,000 for selling of 100 pieces.
EIA Reports a Smaller than Expected Weekly Rise in U.S. Natural Gas Supplies – Gold Silver Reports
The U.S. Energy Information Administration reported Thursday that domestic supplies of natural gas rose by 48 billion cubic feet for the week ended August 17.
Gold Prices Rebound Today, Silver Rises – Gold Silver Reports
Gold prices rebounded by ₹ 170 to ₹ 30,420 per 10 grams today amid fresh demand from local jewellers and positive global sentiment , reported PTI. In global markets, gold rates inched up as demand for the yellow metal rose after prices slumped to a 19-month low last week, while a rising dollar weighed on the market ahead of planned US-China trade talks. In Delhi, gold prices of 99.9% and 99.5% purity rose by ₹ 170 each to ₹ 30,420 and ₹ 30,270 per 10 grams, respectively.
Evaluating Dollar, Yen, Franc and Gold as Havens Amid Fear
Gold Silver Reports (GSR ) – What did we witness this past week? There was an unmistakable tumble across the financial system in assets with a ‘risk’ designation. The variety of ‘havens’ similarly rose. This abruptness of this move contradicted the steady deterioration of market activity over the preceding days and weeks.