Silver and gold prices fell sharply in Indian markets, amid a slump in global rates as higher US bond yields and a rebound in US dollar weighed on the precious metal. On MCX, February gold futures slumped ₹2050 to ₹48,818 per 10 gram on Friday while silver futures tanked ₹6,100 or 8.8% to ₹63,850 per kg.
Commodity News
Commodity News – Real-time Accurate MCX Commodity Market News and forecast for today. Best commodity market online tips through whatsapp and telegram by Neal Bhai.
Gold ETFs attract Rs 6,657 crore inflow in 2020
Gold ETFs : Economic downturn due to coronavirus pandemic and weakness in the US dollar encouraged investors to infuse a whopping Rs 6,657 crore in gold exchange-traded funds in 2020.
Gold Forecast, Stock Markets, Nifty and Bank Nifty Reports – Neal Bhai
Gold Forecast: Bullion Prices corrected sharply in the last session as the dollar pared losses while investorsfocused on the outcome of the US Senate run-off election in Georgia. Therefore, that gold prices outlook will remain in the range between Rs 50300 — Rs 51300 levels in the short-term.
Indian Spot Gold Rate and Silver Price
Spot Gold Rate in India (Rs. 51360) have increased since yesterday(Rs. 51350). Also, it was above the average gold price observed this week (Rs. 50614.29) by 1.47%.
MCX Gold Rate Today: सोना-चांदी वायदा में मुनाफावसूली से वायदा बाजार में गिरावट
MCX Gold Rate Today: सोना-चांदी वायदा में मुनाफावसूली से वायदा बाजार में गिरावट आई है. पिछले दो सत्रों में तेज उछाल के बाद बुधवार को सोने और चांदी की कीमतें गिर गईं. सुबह के सत्र में एमसीएक्स पर सोने का वायदा 0.3 फीसदी गिरकर 51,546 रुपे प्रति 10 ग्राम पर जबकि चांदी वायदा 0.7 फीसदी घटकर 70,325 प्रति किलोग्राम पर आ गया.
Gold Price Slip As Traders Book Profits Amid Uncertain Global Cues
Gold price and silver futures prices in the domestic market traded with cuts on Wednesday amid uncertainty around elections in Georgia, which will decide how easy it will be for US President elect Joseph Biden to take decisions during his presidency.
Copper Prices Test High of $8,800 By End-2021 – OCBC
“Copper prices demand may have yet to peak vis-a-vis steel, while supply also remains a bigconcern, given the concentration of production in South American economies.”