The XAU/USD (Gold) pair started the new year on a firm footing and rose more than 2% on the first trading day of 2021. The pairpreserved its bullishmomentum during the first half of the week and touched its highest level in nearly two months at $1,959 on Wednesday.
Why Gold Prices Slumped ₹2,000 in a Day and Silver Crashed ₹6,000
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.
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 Spot Below $1852, Door Open $1780 — $1740 – Neal Bhai Reports
Gold Spot Below $1852, Door Open $1780 — $1740. Gold and silver prices suffered steep losses on Friday, tracking a sharp decline in global rates. On MCX, February gold futures slumped 4% or ₹2050 to ₹48,818 per 10 gram while silver futures tanked ₹6,100 or 8.8% to ₹63,850 per kg. In global markets spot gold dropped nearly 4% to $1,833.83 per ounce as a jump in US Treasury yields hammered bullion’s safe-haven appeal.
Gold Silver SL Hit — But Above $1850, Bullion Market Bullish – Neal Bhai
Gold Silver SL Hit — But Above $1850 , Bullion Market Bullish. दिसंबर में लगभग 200 डॉलर बढ़ने के बाद सोने की कीमतें वापस लौट रही हैं। उच्च वापस मोड़ से पहले ड्रॉप को संक्षिप्त किया जाना चाहिए। लंबे समय तक कीमतें कम रखने के लिए सोने के लंबे समय से समर्थन करने वाले कई कारक हैं।