Explore all the latest articles and market insights written by Neal Bhai, your trusted guide for gold price, silver price, stock market news, and commodity updates. On GoldSilverReports.com, Neal Bhai shares simple and clear analysis to help investors, traders, and readers stay updated with daily gold and silver rates, live market trends, and financial news. Neal Bhai has been involved in the bullion and metals markets since 1998.
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Gold Silver Reports — Gold slipped a bit as about two month highs triggered some profit selling. However, the recent recovery has enthused Gold bulls and a further uptick from hereon is quite possible. Indian imports are also rebounding, helping lift the sentiments. COMEX Gold is currently down 0.26% at $1247 per ounce. MCX Gold futures backed off from highs near Rs 28950 per 10 gram levels and ended down 0.30% at Rs 28800 levels. Further losses are possible if the counter drags under Rs 28700 mark today.
Gold Silver Reports — Technically market is under short covering as market has witnessed drop in open interest by 1.39% to settled at 13655 while prices up 311 rupees.
Gold Silver Reports — The FCI has fixed a procurement target of 33 million tonnes for the 2017-18 fiscal starting April, against the 22.96 million tonnes purchased in the previous year, when production was low at 92.29 million tonnes.
Gold Silver Reports — Technically Silver market is getting support at 40287 and below same could see a test of 39980 level, And resistance is now likely to be seen at 41072, a move above could see prices testing 41640.
Neal Bhai 
