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 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 – Yellow Metal Dips, Silver Rises

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Gold Price Today: Yellow Metal Dips, Silver Rises

Gold Price Today: Yellow metal fell on MCX

Yellow metal rates in India dropped on Thursday as gold August futures were trading at Rs 47,739 per 10 gram on MCX. Silver September futures, though were trading higher at Rs 68,907 per kg, against the previous close of Rs 68,365 per kg.

At the international level, gold remained stable with minutes from the Federal Reserve’s last meeting revealing that it is planning to taper its asset purchases this year itself.

Meanwhile spot gold was at $1,803.01 per ounce. US gold futures edged 0.1 per cent higher to move to $1,804.30 per ounce.

“COMEX gold trades marginally lower near $1797 per ounce after a 0.4 per cent gain yesterday. Gold is pressurised by firmness in the US dollar as FOMC minutes added to uncertainty about Fed’s monetary tightening. Also weighing on price is continuing ETF outflows. However, supporting price is renewed virus concerns and uneven global economic recovery. Gold may remain sideways to lower as diverging monetary policy stance of Fed and other central banks may keep US dollar supported,” said Ravindra Rao, Vice President – Head Commodity Research at Kotak Securities, while commenting on gold trends.

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

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Gold Price 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 – Gold, Silver Prices Decline Marginally On Akshaya

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Gold, Silver Prices Decline Marginally On Akshaya Tritiya 2021

Akshaya Tritiya 2021: 24 carat or fine gold was priced at Rs 47,760 per 10 grams.

Prices of precious metals (gold and silver) declined marginally on Multi Commodity Exchange on Akshaya Tritiya day, the day considered by many as an auspicious to make purchases of precious metals like gold and silver believing that it will bring good luck. Price of gold futures for delivery in June on the Multi Commodity Exchange declined as much as 0.2 per cent to Rs 47,343 per 10 grams. In the spot market, 24 carat or fine gold was priced at Rs 47,760 per 10 grams, 22 carat gold was sold at Rs 46,140, 18 carat gold was priced at Rs 38,210 and 14 carat gold was sold at Rs 31,760, according to India Bullion and Jewellers Association (IBJA).

“COMEX gold trades little changed near $1820/oz after a 0.1 per cent gain yesterday. Gold stabilized as US bond yields eased back after testing the highest level in more than a month. Also supporting price is increased tensions between Israel and Gaza. However, weighing on price is ETF outflows, concerns about consumer demand in India and increasing debate that inflation pressure may cause monetary tightening. Gold may remain choppy reflecting volatility in the US dollar however we expect buying interest to emerge at lower levels as Fed is likely to maintain a dovish stance,” said Ravindra Rao, CMT, EPAT, VP- Head Commodity Research at Kotak Securities. 

In international markets, gold was Gold prices fell on Friday and were on track for a weekly loss, as firmer dollar and rising U.S. Treasury yields dampened the metal’s safe-haven appeal.

Spot gold was down 0.3 per cent at $1,821.89 per ounce by 0401 GMT. For the week, bullion has lost nearly 0.5 per cent.

U.S. gold futures eased 0.1 per cent at $1,822.10.

Benchmark U.S. 10-year Treasury yields were trading above the key 1.6 per cent level and were on track for a strong weekly rise. Higher bond yields raise the opportunity cost of holding non-interest bearing gold.

Back home, silver prices were also trading marginally lower on Akshaya Tritiya day. Silver futures for delivery in July declined as much as 0.19 per cent to hit an intraday low of Rs 70,337. In spot market silver was priced at Rs 70,948 per kilogram.

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Latest News Today – Gold Furfures Hover Near Rs 46,9000 Mark; Check Latest

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Gold Price Today: Gold Futures Edge Lower, Hover Near Rs 46,900 Mark

Gold Prices Today: Domestic spot gold closed at Rs 4,506 per 10 grams on Tuesday

Highlights

  • Domestic spot gold closed at ₹ 4,506 per 10 grams on Tuesday
  • Gold futures were last trading lower by 0.15 per cent at ₹ 46,904
  • Silver futures were last up 0.06 per cent at Rs 67,694

Gold Price In India: Domestic gold futures witnessed volatile trading marginally lower on Wednesday, April 14. On Multi Commodity Exchange (MCX) gold futures, due for a June 4 delivery, were last seen trading lower by Rs 71 – or 0.15 per cent – at Rs 46,904, having swung between Rs 46,836 and Rs 46,908 during the session so far, compared to their previous close of Rs 46,975. Silver futures for a May 5 delivery were last up 0.06 per cent at Rs 67,694. (Also Read: Is Silver The New Gold?

Domestic spot gold closed at Rs 4,506 per 10 grams on Tuesday, and silver at Rs 63,064 per kilogram – both rates excluding GST, according to Mumbai-based industry body India Bullion and Jewellers Association (IBJA). 

”LBMA Gold Spot trading above $1740 levels. Gold prices moved higher on Tuesday, rebounding as the dollar moved lower and yields dropped. The decline in the 10-year yield came despite a larger than the expected headline and core CPI report announced on Tuesday by the Department of Labor,” said Kshitij Purohit, Product Manager, Currency & Commodities, CapitalVia Global Research Limited. 

”Treasury yields appear to be topping out which could lead to a rally in the yellow metal. Downside support is $1720 levels, Resistance is at $1760 levels. MCX Gold June trading with positive momentum in evening session, Downside support for the metal is 46300. Resistance for the metal is 47100,” he added.



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