Gold prices witnessed a massive plunge in the past week and dropped to Rs 48,702 per 10 gram on the last trading day of the week. On Friday, gold prices registered a steep fall of Rs 519 on the MCX exchange, while the gold futures price of April 5, 2021, was closed at Rs 48,715 per 10 grams with a decline of 514 rupees on MCX on the last trading day of the week.
Enjoy MCX Gold Silver Bloodbath – JO DAR GAYA SAMJHO MAR GAYA – The XAU/USD pair fell sharply in the last minutes and touched its lowest level since mid-July near $1,838. As of writing, the pair was trading around $1,840, losing 1.64% on a daily basis. MCX Gold Low 49360MCX Silver Low 60441 Read More …
Gold prices are rolling over, and I see the potential for a bearish breakdown as soon as next week.
Gold and silver prices in India edged higher today after a sharp fall in the previous session. On MCX, gold futures rose 0.7% to ₹51870 per 10 gram while silver futures gained 0.8% to ₹69300 per kg. In the previous session, gold futures had tumbled 1% or about ₹500 while silver had slumped 1.5% or ₹1050 per kg. Gold has traded in a range after hitting record highs of ₹56200 last month.
Bullion Swings Between Loss and Profit, Silver Price Gains also, Gold price rally fizzled after Comex futures climbed back above $2,000 an ounce, with the dollar erasing losses and a U.S. report adding to signs of a recovery in global manufacturing.