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Gold prices in India today resistance zone ₹38,300 level in futures markets while silver struggled. On MCX, October gold futures were down slightly at ₹37,960. Gold futures had hit a new high of ₹38,666 last week.
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.
Yellow Metal, We Tell You about some of the Options Available For Investing
Gold ETFs and Funds
Mutual funds offer exchange-traded funds (ETFs) that invest primarily in physical gold with each ETF unit typically representing 1gm of gold. The equivalent physical gold (Yellow Metal) is held with the custodian bank and valued periodically, as per the Securties and Exchange Board of India’s (Sebi) guidelines. The performance of a gold ETF is benchmarked against the domestic price. Ideally, the returns from the scheme should match that of the benchmark.
Gold prices Slip after Hitting New Record High, Silver Rates Decline
Gold / Silver
Gold / silver prices today tumbled after they hit record highs recently. In spot markets, gold prices today slumped ₹233 to ₹37,945 per 10 gram in Delhi markets, Press Trust of India reported, citing All India Sarafa Association.
CRUDE OIL FUTURES ARE NOW IN OFFICIAL BEAR MARKET ??
Crude Oil prices fell more than 1% on Tuesday, with Brent crude settling near seven-month lows below $60 a barrel as trade tensions between the U.S. and China intensified worries about weakening global demand.
MCX Gold (Oct) Hit New Life Time High of Rs 38,488
Gold prices on Wednesday surged Rs 1,113 to hit an life-time high of Rs 38,488 per 10 gram in the national capital on sustained buying from jewellers amid strong trend overseas as fresh trade tensions between the US and China prompted investors to move towards gold as safe haven asset.