Yellow Metal Prices Show Rise, Silver – Latest news headlines

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Gold Price Today: Yellow Metal Prices Show Rise, Silver Falls

Gold Price Today: Yellow metal prices rose on Monday while silver prices fell on MCX

Yellow metal prices rose on Monday in the domestic market as on MCX, gold October futures rose by 0.64 per cent to trade at Rs 46,940 per 10 gram mainly due to rupee depreciation.

Silver prices however fell as on the MCX, September futures slid by 2.7 per cent to touch Rs 63,238 per kg. Silver prices were hit by weak base metals and lower demand outlook.

Meanwhile at COMEX, gold prices were up and trading higher as spot yellow metal prices shot up by 0.95 per cent to reach $1780 per ounce for the week.

Spot silver prices at COMEX fell by 2.39 per cent to touch $23.75 per ounce for the week. 

Gold ETF holdings witnessed outflows as holdings at SPDR Gold Shares fell to 1,022 tonnes from the previous week’s 1,025 tonnes for the week. The CFTC data showed that money managers decreased their net long positions by 55,649 lots in last week.

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Latest News Today – Yellow Metal Shows Nominal Rise, Silver Moves Up

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Gold Price Today: Yellow Metal Shows Nominal Rise, Silver Moves Up

Gold Price Today: Yellow metal prices showed a nominal rise

Yellow metal prices witnessed a nominal rise on Monday as on the Multi-Commodity Exchange (MCX), August gold contracts jumped 0.25 per cent to Rs 47,653 for 10 grams. Silver also moved upwards as September futures climbed 0.04 per cent to reach Rs 67,194 per kilogram.

Meanwhile in the international market, gold prices witnessed a fall as spot gold dropped by 0.1 per cent to $1,799.89 per ounce. US gold futures fell by a meagre margin of 0.2 per cent to $1,798.90 per ounce.

Globally, investors are keeping a close watch on the Federal Open Market Committee’s meeting this week. It is generally being speculated that the US central bank will keep the policy rates and stance unchanged during the meeting. 

“COMEX gold trades marginally higher near $1,807 per ounce after a 0.2 per cent decline in previous session. Gold inched up amid choppiness in US dollar, increasing virus concerns, US-China tensions and China’s crackdown on technology firms. However, weighing on price is continuing ETF outflows, weaker consumer demand and uncertainty ahead of the Fed meeting this week. Gold may remain supported near $1,800 per ounce until dollar is steady,” said Ravindra Rao, Head Commodity Research at Kotak Securities.

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Latest News Today – Yellow Metal Falls, Silver Too Slides

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Gold Price 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 – Gold Price Today In India on June 28,2021:Yellow Metal

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Gold Price Today: Yellow Metal Falls To Two-Months Low, Silver Rises

Gold Price Today: Yellow metal prices were at two-months low

Yellow metal prices in India were flat due to global cues, as on the MCX, gold futures were at a two months low of Rs 46,970 per 10 grams. Demand for gold remained sluggish last week in the retail market despite the fall in its price.

Silver prices however moved up to trade at Rs 68,049 per kg. 

Gold prices struggled in India today amid weak global cues. On MCX, gold futures were flat at nearly two-months low of Rs 46,970 per 10 gram while silver rates edged up to Rs 68,049 per kg. Despite the price dip, retail gold demand in India remained weak the previous week.

In the international markets, yellow metal rates fell to a week’s low due to a stronger dollar. Spot gold was down to $1,777 per ounce. 

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Latest News Today – Yellow Metal Falls, Silver Also Down

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Gold Price Today: Yellow Metal Falls, Silver Also Down

Gold, Silver Price Today: Yellow metal and silver rates fell on Thursday

Yellow metal prices fell on Thursday as on Multi Commodity Exchange (MCX), gold August futures were trading at Rs 46,910 per gram, falling below the Rs 47,000 levels. Even in the previous session, gold futures had finished on a sluggish note at Rs 47,072 per 10 gram.

Gold prices fell on Thursday as a stronger US dollar impacted the yellow metal’s valuation in the international market.

Even silver prices were down as silver July futures traded at Rs 67,560 per kg, down from the previous close of Rs 67,932 on the MCX.

Globally, spot gold was down 0.1 per cent to $1,777.26 per ounce, and US gold futures eased 0.2 per cent to $1,779.50 per ounce.

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

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Gold Price 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 – Gold Trades Marginally Higher, Silver Declines On Profit

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Gold Trades Marginally Higher, Silver Declines On Profit Booking

In spot market, 24 carat gold or fine gold rose was priced at Rs 47,850 per 10 grams.

Gold, silver price today: Gold futures prices for delivery on June 4 were trading marginally higher on the Multi Commodity Exchange while silver futures for delivery in July slipped marginally on account of profit booking after a firming up in the past few days. Gold futures for delivery in June rose as much as 0.13 per cent to hit an intraday high of Rs 48,013 on the MCX. In spot market, 24 carat gold or fine gold rose was priced at Rs 47,850 per 10 grams, gold with purity of 22 carat was sold at Rs 46,230 per 10 grams, 18 carat gold was sold at Rs 38,280 and 14 carat was retailed at Rs 31,820 per 10 grams, according India Bullion and Jewellers Associations.

In international markets, gold prices held steady on Tuesday as investors awaited US consumer price data due later this week to measure whether inflationary pressure is building, with a weaker dollar and a pullback in Treasury yields supporting the metal.

Spot gold was unchanged at $1,835.41 per ounce by 9:10 am, after hitting its highest since February 11 at $1,845.06 on Monday.

US gold futures were little changed at $1,836.90 per ounce.

“Although gold extended higher earlier today, it’s struggling to continue building momentum and part of that is concern about inflation… it isn’t a given that those job numbers mean that the Fed won’t act,” DailyFX currency strategist Ilya Spivak said.

There is significant resistance for gold within the $1,855-$1,875 area, while support is around the $1,800 level, Spivak said.

Back home, silver futures for delivery in July slipped 0.37 per cent on the MCX on account of profit booking. In spot market silver was priced at Rs 70,835 per kilogram.

In international markets, silver was steady at $27.30, while platinum was down 0.1 per cent to $1,245.68.

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Latest News Today – Gold Futures Rise Over 0.6%, Trades Above Rs 48,000.10

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Gold Futures Trades Above Rs 48,000/10 Grams, Silver Jumps Nearly 2%

Gold prices inched higher on Monday to trade near a three-month peak.

Precious metals like gold and silver witnessing buying interest on Monday as gold futures contracts for delivery on June 4, 2021 rose as much as 0.62 per cent to trade above Rs 48,000 per 10 grams on the Mullti Commodity Exchange. Gold and silver are witnessing buying interest amid rising Covid-19 infections on the back of safe haven demand for precious metals, market analysts said. In the spot market, 24 carat gold also known as fine gold was priced at Rs 47,850 per 10 grams, 22 carat gold was priced at Rs 46,230 per 10 grams, 18 carat gold was sold at Rs 38,280 and 14 carat gold was retailed at Rs 31,820 per 10 grams, according to India Bullion and Jewellers Association (IBJA).

In the international markets, gold prices inched higher on Monday to trade near a three-month peak hit last week after weaker-than-expected US jobs data supported hopes that interest rates will remain low for some time, bolstering the metal’s appeal.

Spot gold was up 0.2 per cent at $1,834.96 per ounce by 11;00 am, after hitting its highest since February 11 at $1,842.91 in the previous session.

US gold futures were up 0.2 per cent at $1,835.00 per ounce.

“The US jobs report is pretty much the start and finish of the story for gold at the moment. It has really tightened expectations out of the market, at least at the margins of Federal Reserve rate hikes,” IG Market analyst Kyle Rodda said.

Back home, silver prices also firmed up in line with gold as silver futures contracts on the MCX for delivery in July rose as much as 1.73 per cent to hit an intraday high of Rs 72,665 per kilogram. In spot market, silver was being sold at Rs 71,073 according to IBJA.

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Latest News Today – Gold Futures Sheds Over 200 Points, Trades Below Rs

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Gold Futures Sheds Over 200 Points, Trades Below Rs 47,000 Mark

Gold Rates Today: Domestic spot gold closed at Rs 46,930 per 10 grams on Thursday

Gold Price In India: Gold futures opened at a gapped up level of Rs 47,245, up by almost 150 points from its previous closing on Thursday, April 29, however, it continued a bearish momentum and declined by more than 200 points towards the evening, giving up its Rs 47,000 mark. On Multi Commodity Exchange (MCX), gold futures due for a June 4 delivery, were last seen trading lower by Rs 369 – or 0.78 per cent – at Rs 46,724, having swung between Rs 46,462 and Rs 47,299 during the session so far, compared to their previous close of Rs 47,093. Silver futures for a May 5 delivery were last down 0.62 per cent at Rs 67,365. (Also Read: Is Silver The New Gold?
 

Domestic spot gold closed at Rs 46,930 per 10 grams on Thursday, and silver at Rs 68,460 per kilogram – both rates excluding GST, according to Mumbai-based industry body India Bullion and Jewellers Association (IBJA).  

”MCX Gold June gave a gap up opening and has been on a declining spree since then. It has declined more than 200 points and tested the support of 47000-46800 levels. We may expect a marginal rise from the support and test 47100- 47150 levels on the upside. This rise could act as a selling opportunity for the investors,” said Kshitij Purohit, Product Manager, Currency and Commodities, CapitalVia Global Research Limited. 

”Gold prices rose after a brief consolidation witnessed in the previous session, bolstered by the U.S. Federal Reserve’s pledge to maintain easy monetary policy to aid economic recovery, while a weaker dollar provided further support,” said Mr. Navneet Damani, VP – Commodities Research, Motilal Oswal Financial Services.

In global markets, gold fell today giving up early gains as U.S. Treasury yields rose ahead of the U.S. economic data, while persistent supply concerns pushed palladium to an all-time peak. ”Global gold demand in the first quarter dropped from a year ago on the back of a more than 70 per cent year-on-year decline in gold investments, according to a report from the World Gold Council released Thursday,” said Mr Purohit.

What analysts say:

“COMEX gold trades about 0.8 per cent higher near $1788/oz after a 0.3 per cent decline yesterday. Gold has edged up as the US dollar index slumped to one-month low on back of Fed’s decision to maintain its accommodative stance despite improving outlook for the US economy. Also supporting gold is hopes of additional stimulus measures by the Biden administration,” said Ravindra Rao, VP- Head Commodity Research at Kotak Securities.

”However, weighing on price is weaker investor buying and concerns about Indian demand. Gold may remain choppy reflecting trend in US dollar as market players counter Fed’s dovish stance against improving economic outlook,” added Mr Rao.



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Latest News Today – Gold Futures Fell Over 400 Points In Morning Session,

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Gold Futures Fell Over 400 Points, Yellow Metal Breaches Rs 47,000 Mark

Gold Rates Today: Domestic spot gold closed at Rs 46,859 per 10 grams on Wednesday

Gold Price In India: Witnessing a volatile trading session in red throughout the day, domestic gold futures declined more than 400 points in the morning session on Wednesday, April 28. On Multi Commodity Exchange (MCX), gold futures due for a June 4 delivery, were last seen trading lower by Rs 116 – or 0.25 per cent – at Rs 47,187, having swung between Rs 46,800 and Rs 47,273 during the session so far, compared to their previous close of Rs 47,303. Silver futures for a May 5 delivery were last down 1.32 per cent at Rs 68,050. (Also Read: Is Silver The New Gold?

Domestic spot gold closed at Rs 46,859 per 10 grams on Wednesday, and silver at Rs 67,700 per kilogram – both rates excluding GST, according to Mumbai-based industry body India Bullion and Jewellers Association (IBJA). 

”On the domestic front, MCX Gold June gave a gap down opening and has declined more than 400 points in the morning session. Prices breached 47000 levels and are trading below them. We may expect bears to dominate the evening session and test 46500 levels on the downside,” said  Kshitij Purohit, Product Manager, Currency and Commodities, CapitalVia Global Research Limited. 

Meanwhile, in global markets, gold slipped to a one-week low on Wednesday, pressured by a steep rise in U.S. Treasury yields and a stronger American currency, as investors awaited the Federal Reserve’s policy decision.

What analysts say:

”International Gold and Silver prices are trading on weaker note due to strong US Treasury yields and US dollar….Technically, International Gold is trading with bearish momentum and is sustaining above support of $1760-$1765 levels. We may expect a rise in prices to breach these levels in the upcoming sessions,” said Mr Purohit.
 

”COMEX gold trades about 0.5 per cent lower near $1769/oz after a 0.1 per cent decline yesterday,” said Ravindra Rao, VP- Head Commodity Research at Kotak Securities.

”Also weighing on price is weaker investor interest and concerns about consumer demand in India. However, supporting price is rising virus cases and loose monetary policy stance of major central banks. Gold may remain choppy ahead of Fed decision however we do not expect a sustained decline as Fed is most likely to reaffirm its dovish stance,” he added.



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