Gold prices on Thursday slumped by ₹520 to ₹31,250 per 10 gram at the bullion market tips here due to weak demand from jewellers amid weak global cues, according to the All India Sarafa Association.
Spot Gold
Commodity Gold Market: Gold prices is Focused on What Equity Markets are Doing
Gold Silver Reports (GSR) – Gold is more focused on what equity markets are doing and if equities continue higher gold will trade lower despite a weaker dollar.
Gold Settles with a Loss as Investors look to the Outcome of the Fed’s Meeting
Gold settled with a loss on Monday, giving up earlier modest gains as traders looked ahead to the outcome of the Federal Reserve’s meeting.
Gold Prices Have Fallen on Profit Taking
Gold Silver Reports (GSR) – Spot gold fell 0.4 per cent to $US1,254.81 per ounce after hitting its highest since June 26 of $US1,266.40 on Thursday. Gold prices have fallen on profit-taking, a day after bullion touched a near six-month high and the dollar rebounded, but the metal stayed on track for a weekly gain as the appetite for risk waned.
Spot Gold May Rise into $1253 —$1258 Level
Gold Silver Reports (GSR ) – On the daily chart, the gain on Monday confirms a break above the former resistance at $1,238, the 14.6 percent projection level of a downward wave C from $1,366.07. The next Resistance will be at $1,305.
Spot Gold was up 0.1 Percent at $1,248.96 Per Ounce
Spot gold was up 0.1 percent at $1,248.96 per ounce, as of 0432 GMT, after hitting its highest since July 11 at $1,250.55 earlier in the session.
Gold Comex Live Report Below $1245 Level No Buying
Gold Comex Live Report Below $1,245 Level No Buying,
Comex Gold Down Side Support $1,218 Level
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