Sovereign gold prices fell Rs 100 to Rs 24,700 per piece of eight gram. Silver ready fell by Rs 200 to Rs 37,100 per kg while weekly-based delivery lost Rs 253 at Rs 35,782 per kg while silver coins, too, plunged by Rs 1,000 to Rs 72,000 for buying and Rs 73,000 for selling of 100 pieces.
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G20 Meeting Could Trigger Rebound in Commodities Prices: Goldman
Gold Silver Reports (GSR) – “Given the size of dislocations in commodity pricing relative to fundamentals, with oil now having joined metals in pricing below cost support, we believe commodities offer an extremely attractive entry point for longs in oil, gold and base (metals),” the bank said in a note.
Gold Demand in India, Second Biggest Gold Consumer after China
Gold Silver Reports (GSR) – Gold demand in India, the second biggest gold consumer after China, usually picks up towards the end of the year going into the wedding and festival season. Traders expect the recent fall in domestic gold prices to perk up demand.
MCX Gold Traders Red Alert – Don’t Trap in Buy Side Next Possible Target 28076 Very Very Soon – Neal Bhai
MCX Gold Traders Red Alert – Don’t Trap in Buy Side Next Possible Target 28076 Very Very Soon – Neal Bhai Reports – MCX Guru – Gold Silver King.
Gold Production to Grow in the Next Four Years: Forecast
Gold Silver Reports (GSR) – “We forecast global gold production to increase from 104moz in 2018 to 115moz by 2022, averaging 2.6% annual growth,” the document reads.”We expect gold prices to continue to head higher, averaging USD1,275/oz in 2018 and USD1,400/oz by 2022,” it adds.