Gold Silver Reports (GSR) – The yellow metal (Gold) rose to a six-year high of $1,535 per Oz on Aug. 13 and has charted lower highs and higher lows ever since.
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Spot Gold Bulls Will Need to Break Above 1,511 – Gold Silver Reports
The Spot Gold bulls will need to break above 1,511, the 2019 high, to travel north towards 1,530.00 and 1,555.00 resistances.
Gold is trading above its main simple moving averages suggesting bullish momentum in the medium term. Support is seen at 1,472.00 and the 1,452.00 levels.
Why Gold Prices in India @ A Six-Year High – Gold Silver Reports
Why Gold Prices in India @ A Six-Year High – अंतर्राष्ट्रीय वायदा बाजार कॉमेक्स पर सोना बुधवार को 1,500 डॉलर प्रति औंस यानी (1,06,443.45 रुपए प्रति औंस या 37,546.19 रुपए प्रति दस ग्राम) के पार चला गया है
Spot Gold Hold Near $1,428, Waiting FOMC & US-China Trade Talks
Gold Silver Reports (GSR) – The precious metal failed to build on its modest uptick witnessed over the past two trading session and was now being weighed down by a combination of negative factors – including the prevalent bullish sentiment surrounding the US Dollar and improving global risk sentiment.
Spot Gold Consolidates Level $1452, Below Only Down – Gold Silver Reports
Spot Gold extends its side-trend around the 1440 mark into the mid-European session, having stalled its retreat from 2019 highs of 1454 near 1437 region.
देश में सोने की मांग में भारी कमी
देश में सोने की मांग में भारी कमी आई है। 5 जुलाई को बजट पेश होने के बाद पिछले सिर्फ 10 दिनों में ज्वेलरी की डिमांड करीब 90 फीसदी तक गिर गई है। आवाज़ की पड़ताल में ज्वेलर्स ने ये बात बताई है। दरअसल बजट में सोने पर इंपोर्ट ड्यूटी 2.5 फीसदी बढ़ने से घरेलू बाजार में एक झटके में सोना करीब 800 रुपए महंगा हो गया है।
The Right Time to Buy Yellow Metal – Gold Silver Reports
Gold prices surged last month to its six- year high of almost ₹34,500 per 10 grams in the domestic market and $1439 per ounce globally, supported by a combination of factors from geopolitical tension between US and Iran and on expectation of US Fed lowering rates in 2019 on concerns over global slowdown,”. However, post the rally we saw a sharp correction in gold.