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 – Gold, Silver Prices Decline Marginally On MCX

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Gold, Silver Prices Decline Marginally On MCX

Gold futures for delivery on August 5 fell as much as 0.25 per cent.

Gold, Silver Price Today: Gold futures for delivery on August 5 fell as much as 0.25 per cent to hit an intraday low of Rs 48,162 on the Multi Commodity Exchange (MCX). In the spot market, 24 carat gold also known as fine gold was retailed at Rs 48,358 per 10 grams, according to India Bullion & Jewellers Association. 22 carat gold was priced at Rs 48,164, 18 carat gold was being sold at Rs 44,289 per 10 grams, gold with purity of 16 carat was retailed at Rs 36,269 per 10 grams and gold with 14 carat purity was priced at Rs 28,289 per 10 grams.

In international markets, Gold was set on Friday for its best week in more than two months on renewed signs that the US Federal Reserve might not taper economic support and hike interest rates in the near term.

Spot gold was steady at $1,827.20 per ounce by 10:06 am, having hit its highest since July 15 at $1,832.40 on Thursday. It was on track for its biggest weekly gain since May 21, having risen 1.4 per cent so far.

US gold futures eased 0.2 per cent to $1,831.80 per ounce.

Gold jumped as much as 1.4 per cent on Thursday following Fed chief Jerome Powell’s remarks that the US job market still had “some ground to cover” and that it was “ways away” from considering interest rate hikes.

Back home, silver was also witnessing a mild selling pressure as silver futures for delivery in September fell as much as 0.48 per cent to hit an intraday low of Rs 67,875 per kilogram on the MCX. In spot market silver was priced at Rs 67,881 per kilogram.

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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 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 Prices Today: Yellow Metal Trading Low

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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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