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 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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