Gold prices in India dipped today after the recent surge pushed rates to over 3-month highs. On MCX, gold futures slipped 0.08% to ₹48,437 per 10 gram after jumping ₹1,100 in previous two sessions.
MCX Gold Rate Today
Gold Forecast and Analysis : Is Gold Prices up or down?
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GOLD MCX UPDATE : Gold Above 46333 Next Target?
GOLD MCX UPDATE: Gold and silver prices today edged lower in Indian markets, after a sharp upmove in the previous session. Gold MCX edged 0.1% lower to ₹46,320 after hitting a one-month high of ₹46,400 in the previous session.
Gold Price Extends Recovery to The $1710 Area – Neal Bhai
Silver and gold price are rising more than 1% on Wednesday, recovering after posting sharp losses during two consecutive days. A modest decline in US yields, a correction of the US dollar, month-end flow, and some profit-taking favored the rebound.
Gold Prices Slip Near Lowest in a Year, Buying Picks Up in India
The correction in gold prices has triggered fresh retail interest in India. This however allowed dealers to charge higher premiums. On MCX gold futures fell to ₹44271 at day’s low on Friday, near a one-year low of ₹44,150 they touched earlier in the week.
Precious Metal is Proving To Be a Less effective Hedge
Precious metal is proving to be a less effective hedge against moves in other assets, such as stocks, as well as inflation, according to Russ Koesterich, portfolio manager for BlackRock’s Global Allocation Fund. Moreover, gold faces headwinds should the recovery pick up pace, he warned in a blog post.
Gold Price Eyes $1755 Amid Plenty of Health Support Key Levels
Gold price takes a breather after the two-day recovery rally but holds well above the $1697 key level. The returns on the US Treasuries resume the upside on the back of the revival of the reflation theme after Congress passed the $1.9 trillion stimulus bill on Wednesday.