Gold Prices Slip for 3rd Day in a Row, Silver Rates Decline

Gold Silver Reports (GSR) – Gold prices had declined by Rs 150 in the past two days. Tracking gold, silver rates also dropped by Rs 100 to Rs 37,800 per kg. Prices of gold of 99.9% and 99.5% purity declined by Rs 50 each to Rs 31,950 and Rs 31,800 per 10 gram respectively. Sovereign gold held flat at Rs 24,800 for piece of 8 gram on scattered support.

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MCX Silver Intraday Support 36420

Gold Silver Reports (GSR) – New York Fed President John Williams said the Federal Reserve “will be likely raising interest rates somewhat.” The recent winning streak began when Fed Chairman Jerome Powell warned last Wednesday of slowing demand abroad, fading fiscal stimulus at home and the lagged economic impact of the Fed’s past rate increases, suggesting that a pause in tightening may well come in 2019.

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MCX Gold CMP 30900 MCX Silve CMP 36640 Sell 100—500 Lots and So Jaao – MCX King Neal Bhai

Technical Analysis
Gold prices tumbled down to support level which is seen as an upward sloping trend line that comes in near 1,198. A break of trend line support, or a close below this level would lead to a test of the September lows at 1,180. Prices pushed through support near the 50-day moving average at 1,209, which is now seen as short-term resistance. Additional resistance is seen near the 20-day moving average at 1,224. Momentum is negative as the MACD (moving average convergence divergence) histogram is printing in the red with a declining trajectory which points to lower prices. The fast stochastic has tumbled moving lower which reflects accelerating negative momentum. The current reading on the fast stochastic is 9, which is below the oversold trigger level of 20 and could foreshadow a correction.

दिवाली में शॉपिंग से पहले जानिए – 24, 22 और 18 करैट सोना , क्या होता है

जब ज्वेलरी खरीदे या बेचे जाते हैं, तब कीमत को कैलकुलेट करने से पहले शुद्धता का ही विश्लेषण किया जाता है. Gold की कीमत उसके शुद्धता से निर्धारित होता है, जिसे कैरेट में मापा जाता है. बराबर वजन के दो टुकड़ों को कैरेट के आधार पर ही अलग-अलग मूल्य दिया जाता है. सोने का शुद्ध रूप 24 कैरेट (99.99 फीसदी) होता है. हालांकि, 24 कैरेट सोना नरम होता है और उसका आकार बिगड़ सकता है. मजबूती और डिजायनिंग के लिए उसमें अन्य धातुओं को मिश्रित किया जाता है. इससे सुंदर डिजाइन तैयार करने में मदद मिलती है.

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