Gold prices today remained on an upward trend, rising for the third day amid buying by local jewellers to meet festive season demand. Higher global gold prices also supported domestic rates. Gold rates today advanced by Rs 130 to Rs 32,780 per 10 grams.
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Gold Prices Today Rise to 6 Year High But Silver Edges Lower
Gold Silver Reports (GSR) – Some traders however fear that higher prices could hit demand for gold during this festive season.
As An Inflation Hedge, Copper’s Better than Gold
For centuries, gold has been a go-to asset among investors worried about all sorts of financial risks. In the past decade, exchange-traded funds backed by the metal drew more money than any other commodity. Even the world’s biggest central banks hoard bullion as a reserve asset.
Gold Prices Today Rise Near 6-Year High But Silver Declines
Gold Silver Reports (GSR) – Buoyed by a pick-up in festive season demand, gold prices today edged closer to six-year high. Gold rates today rose by Rs 70 to Rs 32,620 per 10 grams ahead of the old upcoming Dhanteras and Diwali festivals.
Commodites Bulls Versus Bears – Gold Silver Reports
Commodity Sentiment is improving in the gold market as global equity turmoil and geopolitical tension in the Middle East fuel haven demand. About 69 percent of traders and analysts were bullish on the metal, the most since April.