Gold Silver Reports – Gold prices crept up on Monday as the dollar held close to a two-month low hit in the previous session, with investors noting the US Federal Reserve’s cautious view of inflation.
Silver
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Gold Recovers on Mild Demand in Mumbai, Silver Softens
Gold Silver Reports – Gold prices recovered marginally to close at Rs29,460 per 10 grams at the bullion market in Mumbai on Friday due to mild demand from stockists and retailers amid bullish global cues.
Gold Imports by India Slump as Inventories Pile Up
Gold Silver Reports – Gold imports by India, the world’s biggest consumer after China, dropped 31 percent last month from a year earlier, according to a person familiar with the information.
Gold Price Forecast for the Week of November 6, 2017
Gold Silver Reports – Gold markets tried to rally during the week but found enough resistance above the $1275 level to roll things over and form a bit of a shooting star.
Gold Prices Slip as Investors Focus on Equities
Gold Silver Reports – Gold prices slid Rs30 to Rs30,250 per 10 grams on Friday as equities found more traction with investors seeking higher returns. Leads overseas were negative and demand from local jewellers was hard to come by. But silver prices staged a comeback by jumping Rs600 to Rs40,500 per kg, spurred by industrial units and coin makers.
Gold Prices stay Flat at Rs30,280, Silver Falls
Gold Silver Reports – Gold prices held steady at Rs30,280 per 10 grams on Thursday, supported by a firm trend overseas, along with fresh buying by local jewellers. However, silver plunged Rs100 to Rs39,900 per kg, hurt by lower offtake by industrial units and coin makers.
Gold Prices Plunge on Muted Demand, Weak Global Cues
Gold Silver Reports – Gold prices fell by Rs105 to Rs30,275 per 10 gram at the bullion market on Wednesday owing to slackened demand from local jewellers amid a weak trend overseas. Silver followed suit and tumbled by Rs250 to Rs40,000 per kg due to reduced offtake by industrial units and coin makers.