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 – 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 – Sensex, Nifty End At Record Highs Led By Gains In Metal

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Sensex, Nifty End At Record Highs Led By Gains In Metal Stocks

The Indian equity benchmarks closed at record highs on Wednesday paced by gains in metal, realty and financial services shares. For most part of the day, the benchmarks traded in a narrow range wherein the Sensex traded in band of 354 points and Nifty 50 index touched an intraday high of 15,891.70 and low of 15,779.70. However, late buying in heavyweights like HDFC, Tata Steel, Asian Paints, HDFC Bank, Bajaj Finance and ICICI Bank helped benchmarks close at all-time highs.

The Sensex advanced 194 points to close at record high of 53,055 and Nifty 50 index rose 61 points to close at an all-time high of 15,880.

Investors parsed through some early earnings data while awaiting details on an upcoming cabinet reshuffle of the central government.

Buying was visible across the board as all the 11 sector gauges, barring the index of media shares, ended higher led by the Nifty Metal index’s 2.4 per cent gain.

Mid- and small-cap shares also witnessed buying interest as Nifty Midcap 100 index rose 0.7 per cent and Nifty Smallcap 100 index advanced 0.62 per cent.

On the primary market front, GR Infraprojects and Clean Science and Technology Initial Public Offerings (IPOs) were fully subscribed within hours of opening on the first day of the issue.

Tata Steel was top Nifty gainer, the stock rose 5 per cent to close at Rs 1,225. JSW Steel, Hindalco, Bajaj Finserv, UPL, Nestle India, HDFC, Adani Ports, Power Grid, IndusInd Bank, Asian Paints and Sun Pharma also rose between 1-3 per cent.

On the flipside, Titan, ONGC, Maruti Suzuki, SBI Life, Reliance Industries, Shree Cements and Cipla were among the losers.

The overall market breadth was positive as 1,789 shares ended higher while 1,409 closed lower on the BSE.

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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 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 – Yellow Metal Slides Again, Silver Goes Up

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Gold Price Today in India on June 3, 2021: 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

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Gold Price Today In India on June 2, 2021: 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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