Latest News Today – Yellow Metal Falls, Silver Too Slides

Gold Price Today: Yellow metal and silver rates fell on the MCX

Gold prices in India fell on Monday as yellow metal futures on MCX stood at Rs 47,719 per 10 grams. Silver futures also slid and stood at Rs 69,196 per kg.

Meanwhile the gold spot price today was at Rs 47,810 with no change over yesterday. 

In the international markets, yellow metal prices were stable and stood at $1802.8 per Troy ounce. Silver prices fell to $26.0 per Troy ounce.

Commenting on the gold price trends, Ravindra Rao, Head of Commodity Research at Kotak Securities said, “COMEX gold trades marginally lower near $1805 per ounce after a 0.6 per cent gain on Friday. Gold eased as US bond yields came off the lows amid stability in equity markets. Also weighing on price is weaker investor interest and Fed’s monetary tightening expectations. However, supporting price is rising virus concerns, US-China tensions and inflationary concerns. Gold may remain choppy amid lack of fresh cues however increasing challenges may improve safe haven appeal.”

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Latest News Today – Yellow Metal Slides To One-Month Low, Silver Too Falls

Gold price today: Yellow metal fell to a one-month low, silver too slid steeply

Gold prices on Thursday fell to a month-long low and stood at Rs 47,799 per 10 grams at the MCX, much below the Rs 48,000-mark.

Silver also witnessed a significant fall as the July silver futures traded at Rs 70,332 a kilogram.

In the international market, gold prices slipped by more than one per cent on Wednesday after US Federal Reserve officials had indicated that interest rate hikes could take place in 2023, which is sooner than expected.

After a fall in the previous session to its lowest since May 6 at $1,803.79 per ounce, spot gold was slightly up 0.2 per cent. US gold futures were down at $1,816.90 per ounce. 

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Latest News Today – Yellow Metal Trades Flat, Silver Shows Rise

Gold price today: Yellow metal traded flat as investors wait for US Federal Reserve meeting outcome

Gold prices showed a meagre jump on Wednesday, as on MCX, the yellow metal August futures traded at Rs 48,460 per 10 grams. On the other hand, silver showed a decent jump as its July futures were at Rs 71,475 per kg, showing a jump of Rs 227 over the previous session.

The flat trajectory of gold prices continued for the second day today as investors across the world awaited the result of the US Federal Reserve meeting.

Globally, spot gold was down at $1,861.96 per ounce, after falling to its lowest since May 17 at $1,843.99 on Monday. US gold futures meanwhile eased to $1,863.10.

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Latest News Today – Yellow Metal Slides Again, Silver Goes Up

Gold Price Today: Yellow metal slid again today while silver went up

Gold price in India slid again for the second day on Thursday as on the Multi-Commodity Exchange (MCX), gold futures were down by 0.04 per cent at Rs 49,580 for 10 grams.

However, silver edged higher on Thursday. On MCX, silver July future was up by 0.13 per cent at Rs 72,775 per kg.

In the international market, gold prices inched lower on Thursday. Spot gold was down 0.2 per cent at $1,904.36 per ounce. On Tuesday, gold prices hit their highest level since January 8 at $1,916.40. US gold futures eased 0.1 per cent to $1,907.70 per ounce.

The US 10-year Treasury yield slipped below 1.60 per cent, reducing the opportunity cost of holding non-interest bearing gold. The dollar index, however, edged 0.1 per cent higher against its rivals, making gold less appealing for other currency holders.

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Latest News Today – Yellow Metal Slips, Silver Follows Suit

Gold Price Today: Yellow metal and silver fell slightly over global trends

Gold and silver prices in India slid slightly owing to a downwards trend in global rates with gold futures on MCX slipping to Rs 49,363 per 10 gram.

Silver futures fell 0.6 per cent to Rs 71,832 per kg. In the previous session, gold had risen to over 4-month high of Rs 49,700 per 10 gram. In India, gold rates have jumped about Rs 5,000 in past two months amid global rebound. 

In global markets, gold came down after a five-month high as higher US bond yields weighed on precious metal. Strong US economic data also took away some shine off the precious metal.

Spot gold was down 0.1 per cent at $1,898.58 per ounce, after hitting a near 5-month high of $1,916.40 on Tuesday. The dollar also strengthened against other currencies.

Gold watchers would be keenly awaiting the US employment report for May, which will be released on Friday. Also top Fed officials, including Robert Kaplan and Charles Evans, are set to speak today.

Among other precious metals, silver edged 0.1% lower to $27.88, and platinum was steady at $1,191.

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Latest News Today – Yellow Metal Jumps To Near Four-Month High, Silver Too

Gold prices today surged to a near four-months high

Gold and silver prices on Monday surged in Indian markets as on MCX, gold rose 0.24 per cent to near four-month high of Rs 48,519 while silver rates jumped 0.5 per cent to Rs 71,440 per kg. In the previous session gold had declined 0.22 per cent while silver had slumped 1.7 per cent.

In international markets, gold inched higher to near 4-month high as a slide in cryptocurrencies further lifted the safe-haven metal’s appeal.

The precious metal was also supported by a weaker US dollar and expectations of growing inflationary pressure. Spot gold was up 0.2 per cent at $1,883.21 per ounce. Among other precious metals, silver gained 0.4 per cent to $27.64 while platinum climbed 0.6 per cent to $1,173.03.

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Latest News Today – Yellow Metal Trades High At Rs 47,004, Silver Too Up

Gold, silver prices were trading high on Monday after last week’s fall

Gold and silver prices moved a bit on the higher side on Monday after a sharp fall last week in Indian markets. On MCX, gold rates were up 0.6 per cent to Rs 47,004 per 10 gram while silver rose 0.6 per cent to Rs 68,789 per kg.

Gold ETF holdings continued with outflow as holdings at SPDR Gold Shares declined to 1,017 tonnes from previous week’s 1,020 tonnes. The CFTC data showed that money managers decreased their net long positions by 6146 lots in last week.

Commodity prices traded mixed during the week passed by with Bullion prices witnessed decline for the second week with risk on sentiments. Base metals continued to trade higher with Nickel rallying the most followed by Copper and Lead on a strong demand outlook. Crude oil prices traded higher on demand, growth prospectus.

Gold prices in India after hitting a record high of Rs 56,200 in August last year has seen a sharp fall from those levels.

In international markets, gold rates were today flat, pressured by a stronger dollar. Spot gold was trading at $1,770.66 per ounce while silver was steady at silver $25.90 per ounce. A stronger dollar index makes gold more expensive for other currency holders.

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Latest News Today – Yellow Metal Breaks Losing Streak, Trades At Rs 47,256

Gold and silver prices soared today breaking losing streak

Breaking its five-day declining streak, MCX gold June futures on Thursday were trading higher at Rs 47,256 per 10 gram, as against the previous close of Rs 47,093. MCX silver June futures too moved up and were at Rs 69,788 per kg. Silver futures had closed at Rs 69,043 per kg in the previous session.

Gold prices broke their free fall after the US Federal Reserve decided to keep the interest rates unchanged to near zero in its meeting which ended on April 28.

Meanwhile internationally, gold prices rose on Thursday propelled by the US Federal Reserve’s announcement to implement a friendly monetary policy aimed at helping economic recovery. At the same time, a weaker dollar provided further support.

Spot gold was up 0.2 per cent at $1,784.94 per ounce, having dipped to $1,762 in the previous session, its lowest since April 16. US gold futures rose 0.6 per cent to $1,784.50 per ounce.

The dollar index edged 0.1 per cent lower against its rivals, boosting gold’s appeal for other currency holders.

Concerns over the economic impact of the second wave of corona pandemic and a softer US dollar also benefited the yellow metal. 

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Latest News Today – Yellow Metal Dip Continues, Trading At Rs 47,095

Gold prices continued with their decline for the fifth day on Wednesday

Gold prices continued with their declining trend and fell for the fifth straight day on Wednesday, as MCX gold June futures were trading at Rs 47,095 per 10 gram against the previous close of Rs 47,303.

Market watchers indicated that the precious metal’s dipping prices were mainly owing to the ongoing meeting of the US Federal Reserve, which is to end today and its decision could impact the markets in general.

Meanwhile MCX May futures plunged Rs 812 or 1.18 per cent to Rs 68,146 per kg. In the previous session, silver futures ended at Rs 68,958 per kg. 

MCX gold too has been volatile since it touched an all-time high of Rs 56,191 per 10 gram in August 2020. From a record high, MCX gold prices are down Rs 9,096 per 10 gram. The dollar has started to gain grounds ahead of the Fed policy. Indian rupee is also trading below 75 zone, putting downward pressure on MCX prices. 

Globally, spot gold was down 0.5 per cent at $1,767.76 per ounce. US gold futures were down 0.5 per cent at $1,770.00 per ounce. Benchmark U.S. 10-year Treasury yields rose to their highest since April 15, increasing the opportunity cost of holding non-yielding bullion.

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Latest News Today – Gold Prices Today: Yellow Metal Trading Low

Gold prices today: Yellow metal trading flat today

June gold contracts were trading lower by 0.05% at Rs 48,204 for 10 grams during the opening hours of Thursday on the multi commodity exchange (MCX). May silver futures were trading 0.03% lower at Rs 70,316 a kg.

Gold and silver had showed robust growth on Wednesday in international markets. Gold hit a two-months high and silver also hit one-month high on the Comex division. Meanwhile India Gold MCX June futures were trading flat on Thursday, tracking a dim trend seen in the international spot prices.

Gold prices could reach the $1800 per troy ounce while Silver May futures contract settled at $26.57 per troy ounce. Both the precious metals settled on a positive note in the domestic markets.

Yellow metal and silver gained amid weakness in the dollar index and decline on benchmark 10-year bond yields in the United States.

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