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Gold MCX Yesterday Hit 1st Target 55400, Above 54900 Target 2nd 56500
Gold and silver prices moved higher today in Indian markets amid a global rally. On MCX, gold futures hit a new high of ₹55,390 per 10 gram after it rose 1.35%. Silver futures surged 4% to ₹72,654 per kg. In the previous session, gold futures on MCX had rallied about ₹900 or 1.7%, hitting ₹54,612 at intra-day high. Silver had surged ₹4200 or 6.4% in the previous session.
While the rally appeared to pause, analysts who say gold is overvalued aren’t expecting a substantial decline. A correction probably will be measured, thanks to the weak dollar and chronic turmoil in the global economy, BNP Paribas SA said.
he gold market made its historic move Sunday evening during the Asian trading session. First gold spot hit its all-time high above $1,920 and then August futures quickly followed suit. August gold last traded at $1,922.70 an ounce, up more than 1% on the day.
Overbought markets can be complicated things: While the backdrop is less assuring for continuation, there’s usually a reason for why the market became overbought in the first place. And, those reasons can certainly continue… and continue and continue, just as we’ve seen in Gold.
Gold Comex All Most Full Target Done – 1875 to 1906.47 Boom Boom – Neal Bhai Reports इस उछाल से सोने का भाव राष्ट्रीय राजधानी दिल्ली में 51,946 रुपये प्रति 10 ग्राम पर आ गया है। यह दिल्ली में सोने का अब तक का उच्चतम स्तर है। सिक्युरिटीज के अनुसार, वैश्विक बाजार में तेजी और रुपये में गिरावट के चलते सोने के घरेलू हाजिर भाव में यह बढ़त दर्ज की गई है। इससे पहले पिछले सत्र में सोना 51,471 रुपये प्रति 10 ग्राम के भाव पर बंद हुआ था।