Gold Silver Reports – Gold prices on Monday dropped by Rs. 200 to Rs. 32,620 per 10 grams, extending the falling streak for the fourth day, reported news agency Press Trust of India (PTI) quoting the All India Sarafa Association. The fall came on lacklustre domestic demand and weak gold global trends.
Silver Prices
ANALYSTS: NEW ZEALAND SHOOTING SENT GOLD PRICE HIGHER
The attacks over in New Zealand has stunned the markets; Investors are seeking shelter under safe haven assets.
Sovereign Gold Prices, However, Remained flat at Rs. 26,400 per piece of Eight Grams
Gold prices drifted lower by Rs. 100 to Rs. 33,170 per 10 grams at the bullion market on Saturday in the national capital, reported news agency Press Trust of India (PTI) quoting the All India Sarafa Association.
Gold Prices Down Below Rs. 34000 On Weak Global Cues — GSR
Gold Silver Sentiment remained bearish on the back of a weak trend overseas as the dollar strengthened to a 10-week high against the yen, boosted by better-than-expected US gross domestic data for the fourth quarter, making bullion less attractive as a safe-haven investment, traders were quoted as saying in the PTI report. Gold prices had fallen by Rs. 570 in the previous two days.
Gold Prices Jump Today But Silver Rates Drop
In global markets, gold prices today edged higher supported by a softer dollar and weakness in the equities market. Overnight, the US Federal Reserve hiked interest rates by 25 basis points, as widely expected, but what took markets by surprise was the US central bank’s commitment to retain the core of its plan to tighten monetary policy, despite rising uncertainty about global economic growth. Spot gold prices rose 0.5% to $1,249.46 per ounce.
Gold Silver Buyers, HoneyMoon Over?
Spot gold was at $1,236.85 per ounce at 0121 GMT. In the previous session, prices touched a peak of $1,241.86, their highest since Oct. 26.
US gold futures were down 0.4 per cent at $1,241.4 per ounce.
Gold Prices Today Remain Steady but Silver Rates Fall
Gold prices had gained Rs 100 yesterday, snapping a two-day fall. Prices of gold of 99.9% and 99.5% purity remained unchanged at Rs 31,850 and Rs 31,700 per 10 gram, respectively. Sovereign gold too remained steady at Rs 24,800 per piece of 8 gram.