Gold prices surged last month to its six- year high of almost ₹34,500 per 10 grams in the domestic market and $1439 per ounce globally, supported by a combination of factors from geopolitical tension between US and Iran and on expectation of US Fed lowering rates in 2019 on concerns over global slowdown,”. However, post the rally we saw a sharp correction in gold.
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.
Expectations of a Rate Cut From US Federal Reserve has Boosted Gold Prices – Gold Silver Reports
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.
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
![Gold Price Intraday Technical Forecast By Neal Bhai [08-06-2022]](https://goldsilverreports.com/wp-content/uploads/2018/12/gold-silver-shop-neal-bhai-reports.jpg "Union Budget 2019 India : Duty Hike May See Gold Smuggling Rise 3")
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.