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Spot Gold Technical Outlook Sell Between $1712—$1714 Target $1682—$1672 – Neal Bhai Reports

Gold prices gained on Thursday following the trend in global markets amid lingering tensions between the US and China and riots in the States. The number of coronavirus patients also climbed swiftly in India.

Total number of Covid-19 patients in India reached 2.07 lakh while fatalities climbed to 5,800. Nomura said a collapse in demand is coming as households and companies vie for cash.

Gold futures were up 0.25 per cent or Rs 116 at Rs 46,124 per 10 grams. Silver futures slid 0.02 per cent or Rs 9 to Rs 48,445 per kg.

Gold prices gained from last session’s fall on lingering political tensions and a weaker dollar, but were still near their lowest in over a week as equities were set to extend their gains on economic optimism.

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Neal Bhai has been involved in the Bullion and Metals markets since 1998 – he has experience in many areas of the market from researching to trading and has worked in Delhi, India. Mobile No. - 9899900589 and 9582247600

1 thought on “Spot Gold Technical Outlook Sell Between $1712—$1714 Target $1682—$1672 – Neal Bhai Reports”

  1. भारतीय सर्राफा बाजार में शुक्रवार को सोने की हाजिर कीमत में गिरावट दर्ज की गई है। एचडीएफसी सिक्युरिटीज के अनुसार, राष्ट्रीय राजधानी दिल्ली में शुक्रवार को सोने की कीमत में 20 रुपये की गिरावट आई है। इस गिरावट से 10 ग्राम सोने का भाव 47,268 रुपये पर आ गया है। सिक्युरिटीज के अनुसार, कमजोर वैश्विक रुख के चलते सोने की घरेलू हाजिर कीमतों में गिरावट आई है। गौरतलब है कि गुरुवार को सोना 47,288 रुपये प्रति 10 ग्राम पर बंद हुआ था।

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