MCX Gold Free Tips
Gold Prices Rise by ₹150 Today
Gold Silver Reports (GSR) – Gold prices rose by ₹ 150 to ₹ 31,950 per 10 grams on Wednesday amid fresh demand from local jewellers despite weakness in global gold prices, reported PTI. Moreover, a depreciating rupee against the US dollar, which makes gold imports costlier, supported domestic gold prices. Silver prices, however, edged down by ₹ 10 to ₹ 41,550 on selling pressure, added the report. Global gold prices fell to a one-week low in the previous session, as investors waited for clues on the pace of future interest rate hikes by the US Federal Reserve when its policy meeting concludes later in the day.
Bad Tariffs Means Good for Gold
Gold Silver Reports (GSR) – Bad Tariffs Means Good for Gold — The US government could slap steep tariffs on imported automobiles – and possibly even ban German luxury vehicles outright, according to a report by German business news magazine WirtschaftsWoche.
Gold Slip Below ₹ 32000, Muted Demand
Gold Silver Reports (GSR) – Gold prices dipped below the ₹ 32,000-mark, falling Rs 100 to ₹ 31,950 per ten grams at the bullion market today amid a weak trend overseas and fall in demand from local jewellers.
Gold Price Target Till Diwali 32500—33500 Level on Weak Rupee
Gold Silver Reports (GSR) – Gold prices are likely to hold in the range of ₹ 32,500—33,500 per ten grams until Diwali Target in the domestic market, and internationally the Gold might be in USD $1,180—$1,410 an ounce level.
Silver-Gold Prices Up on Global Cues, Silver Kiss Top Rs 41000
Gold Silver Reports (GSR) – Silver prices reclaimed the Rs41,000-mark by surging Rs250 per kg backed by increased offtake by industrial units and coin makers. Rising for the second straight day, gold prices edged higher by Rs10 to Rs31,870 per 10 grams at the bullion market today on persistent buying by local jewellers amid a firm trend overseas.
MCX Gold-Silver Major Update By Neal Bhai MFA Technical Analyst
Get the latest updates on MCX Gold and Silver prices for month of May. Learn about price changes, market trends and factors driving these precious metals in simple language.