Gold Silver Reports (GSR) – Gold prices in India surged today after the yellow metal rebounded in global markets. On Multi Commodity Exchange of India (MCX), gold futures for August delivery surged 0.7% to ₹35,096 per 10 gram.
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Commodities Weekly Live Research Report 08 — 12 July 2019 | Neal Bhai Reports
MCX Live Commodities Weekly Technical Live Research Report 08 — 12 July 2019 By Neal Bhai Reports (NBR)
Union Budget 2019 India : Duty Hike May See Gold Smuggling Rise
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Gold Silver Reports (GSR) – The 2.5% hike in customs duty on gold and precious metals proposed by Nirmala Sitharaman may see a rise in smuggling and illegal sale of the yellow metal. Traders last week had rued that the quantity of smuggled gold sold in the black market was rising due to skyrocketing prices.
MCX Gold Down Watch 34950 To 34523 Enjoy, Hold For Big Target
MCX Gold prices are exhibiting strong bullish momentum, sustaining well above the key psychological level of ₹1,00,000. This strength indicates continued investor interest amid a favorable macroeconomic environment and persistent global uncertainties. The resilience above ₹1,00,000 suggests that market sentiment remains firmly positive, with buyers stepping in on any minor dips.
Gold Prices Today Fell Sharply in India – Gold Silver Reports
Gold Silver Reports (GSR) – Gold prices today fell sharply in India, mirroring a big decline in global prices. On MCX, gold futures for August delivery fell below the ₹34,000 per 10 gram, when they declined 1.2% to ₹33,810. The October gold contracts on MCX also fell sharply but managed to hold on to ₹34,000 level.