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Gold Prices in India Today Resistance Zone ₹38300 Level in Futures Markets
![Gold Price Intraday Technical Forecast By Neal Bhai [08-06-2022]](https://goldsilverreports.com/wp-content/uploads/2018/12/gold-silver-shop-neal-bhai-reports.jpg "Gold Prices in India Today Resistance Zone ₹38300 Level in Futures Markets 2")
Gold prices in India today resistance zone ₹38,300 level in futures markets while silver struggled. On MCX, October gold futures were down slightly at ₹37,960. Gold futures had hit a new high of ₹38,666 last week.
Why are Yellow Metal Prices Very High? – Gold Silver Reports
Gold (Yellow Metal), once mocked for its lack of yield and practical use, offers something the growing pile of negative-yielding bonds doesn’t – inflation protection. Plus, it makes a great doorstop.
The Right Time to Buy Yellow Metal – Gold Silver Reports
Gold prices surged last month to its six- year high of almost ₹34,500 per 10 grams in the domestic market and $1439 per ounce globally, supported by a combination of factors from geopolitical tension between US and Iran and on expectation of US Fed lowering rates in 2019 on concerns over global slowdown,”. However, post the rally we saw a sharp correction in gold.
Gold Prices Today Fell Sharply in India – Gold Silver Reports
Gold Silver Reports (GSR) – Gold prices today fell sharply in India, mirroring a big decline in global prices. On MCX, gold futures for August delivery fell below the ₹34,000 per 10 gram, when they declined 1.2% to ₹33,810. The October gold contracts on MCX also fell sharply but managed to hold on to ₹34,000 level.