Buy Gold Silver As Expected Fire: Gold and silver prices today edged higher in Indian markets, following the uptick in global rates. On MCX gold futures were up 0.4% to ₹49,049 per 10 gram while silver rose 0.7% to ₹72622 per kg.
MCX GOLD 48802 TO 49137
MCX SILVER 72100 TO 72681
Gold Silver Trend Today – In global markets, gold rates today dropped 1.4% to $1,465.34 an ounce, also extending losses to the seventh time in eight sessions. So far this year, gold prices are down over 3%, while globalstocks have plunged almost 30% and crude oil collapsed by 60%. Among other preciousmetals, silver was little changed while platinum fell 2.4%.
वायदा बाजार में सोने की कीमतों में गिरावट का रुख बुधवार को भी जारी है। एमसीएक्स एक्सचेंज पर बुधवार दोपहर 12 बजकर 19 मिनट पर तीन अप्रैल 2020 के सोने का वायदा भाव 1.55 फीसद या 622 रुपये की गिरावट के साथ 39,622 रुपये प्रति 10 ग्राम पर ट्रेंड करता दिखा। इसके अलावा पांच जून 2020 के सोने का वायदा भाव एमसीएक्स पर इस समय 1.45 फीसद या 585 रुपये की गिरावट के साथ 39,865 रुपये प्रति 10 ग्राम पर ट्रेंड कर रहा था।
MCX Gold prices were flat today in Indian markets after a sharprise in the previous-session. On MCX, April futures were down 0.06% to ₹40,220 per 10 gram afterrising about ₹900 in the previous session.
“Consumers sitting at home and not out spending money because they fear catching the coronavirus is the ultimate negative outcome,” he added. “It has been the U.S. consumer who has been driving the recovery bus during this long expansion.”
Dow losses reach nearly 9%, putting it on track for worst one-day decline since 1987 crash
Silver Prices Also Advanced Today – One positive case of coronavirus has been detected in New Delhi, and one has been detected in Telangana, the Indian government said in a statement. “Both the patients are stable and being closely monitored,” it added.
Jewellers Association Expected, Gold prices may touch Rs 48,500 by Gudi Padwa or Akshaya Tritiya as the spread of coronavirus affected global economy, Rupee depreciation and easing by central banks.
Spot gold fell 2.9% to close at $1,529.83 an ounce in New York, ending the week with a loss of 8.6%, the most since March 1983. On the Comex in New York, futures had their steepest weekly decline since 2011. In other markets, silver fell into a bear market, joining palladium and platinum as worries over economic fallout from the coronavirus pummel precious metals and other raw materials.