Gold Silver Reports (GSR) – Physical Gold prices on Monday gained by Rs. 30 to Rs. 33,000 per 10 grams on the back of demand from jewellers, reported news agency Press Trust of India (PTI) quoting the All India Sarafa Association.
Gold prices in India
Upcoming Wedding Season To Push Gold Prices Higher
Gold Silver Reports – Trade tension between the US and China, uncertainty around Brexit and slowdown concerns have prompted investors globally to look for safe investments, one of which has traditionally been gold prices.
Sovereign Gold Prices, However, Remained flat at Rs. 26,400 per piece of Eight Grams
Gold prices drifted lower by Rs. 100 to Rs. 33,170 per 10 grams at the bullion market on Saturday in the national capital, reported news agency Press Trust of India (PTI) quoting the All India Sarafa Association.
Gold Prices Surge Today, Silver Rates Also Rise: FOMC In Focus
The two-day FOMC meeting begins Tuesday morning and ends Wednesday afternoon with a statement. The FOMC is expected to slightly raise U.S. interest rates at this meeting. Fed Chairman Jerome Powell will also hold a press conference after the meeting. As usual, the marketplace will parse the Fed’s wording for clues on the pace of future Fed rate hikes and the Fed’s inflation expectations.