Gold Silver Reports (GSR) – Bullion could average $1,350 an ounce in 2019 as corporate tax reforms worsen the U.S. fiscal balance, Francisco Blanch, head of global commodities and derivatives research, said in a phone interview last week. Spot gold traded at $1,196.23 on Monday and has averaged about $1,285 this year.
Silver Prices
Gold Prices Advanced by Rs 50 to Rs 31,660 per 10 gram
In Delhi, gold rates of 99.9% and 99.5% purity rose by Rs 50 each to Rs 31,660 and Rs 31,510 per 10 gram, respectively. Sovereign, however, remained flat at Rs 24,500 per piece of eight gram.
Gold Prices Edge Higher on Jewellers’ Buying, Silver Rates Fall – Gold Silver Reports (GSR)
Meanwhile, physical gold buying waned in major Asian centres last week as bullion prices rebounded from recent lows, with dealers in India offering the metal at a discount for the first time in over a month as an uptick in local rates moderated demand.
Gold Prices rose by Rs 110 to Rs 31,510 per 10 gram, Mainly Due to Sustained Local Demand from Jewellers and Global Trend
In line with gold, silver prices also rose by Rs 200 to Rs 37,800 per kg on increased offtake by industrial units and coin makers, the report added. Silver coins remained unchanged at Rs 72,000 for buying and Rs 73,000 for selling of 100 pieces.
Gold Prices Slip Today, Silver Bucks Trend – Gold Silver Reports
Gold Silver Reports (GSR ) – Gold prices slipped today on sluggish demand from local jewellers and weak overseas trend. In Delhi, gold of 99.9 per cent and 99.5 per cent purity shed ₹ 50 each to ₹ 31,200 and ₹ 31,050 per 10 gram, respectively, according to PTI.
Gold Prices Rebound Today, Silver Rises – Gold Silver Reports
Gold prices rebounded by ₹ 170 to ₹ 30,420 per 10 grams today amid fresh demand from local jewellers and positive global sentiment , reported PTI. In global markets, gold rates inched up as demand for the yellow metal rose after prices slumped to a 19-month low last week, while a rising dollar weighed on the market ahead of planned US-China trade talks. In Delhi, gold prices of 99.9% and 99.5% purity rose by ₹ 170 each to ₹ 30,420 and ₹ 30,270 per 10 grams, respectively.