Commodities Weekly Research Report
MCX Forecast Dated: 07 January 2019 To 11 January 2019
MCX Forecast Dated: 07 January 2019 To 11 January 2019
Spot Gold Watch in 2019 – Golden Opportunity – Gold bulls seized the initiative in the final months of 2018 and there’s plenty to suggest the haven may hold up.
In Delhi, prices of gold of 99.9% and 99.5% purities today declined by Rs 145 each to Rs 32,690 and Rs 32,540 per 10 gram, respectively. Sovereign gold, however, remained unchanged at Rs 25,200 per piece of 8 gram.
“Gold prices hit a 6-month high and the trend is up on a near-term basis which is inviting technical-based buying interest. Probably some new speculative fund money coming into the market combined to push gold prices higher despite the stronger dollar.”