Gold Silver Reports (GSR) – Gold prices in India surged today after the yellow metal rebounded in global markets. On Multi Commodity Exchange of India (MCX), gold futures for August delivery surged 0.7% to ₹35,096 per 10 gram.
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Union Budget 2019 India : Duty Hike May See Gold Smuggling Rise
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Gold Silver Reports (GSR) – The 2.5% hike in customs duty on gold and precious metals proposed by Nirmala Sitharaman may see a rise in smuggling and illegal sale of the yellow metal. Traders last week had rued that the quantity of smuggled gold sold in the black market was rising due to skyrocketing prices.
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.
Gold: On its way to $ 1450 amid Escalating US-Iran Tensions, Weaker USD – Gold Silver Reports
US Iran Tensions – The ongoing USD weakness and escalating US-Iran geopolitical tensions offer fresh legs to the yellow metal’s surge to six-year tops. Gold prices are now testing the $1,440 figure en route the level $1,450 barrier.
MCX Gold Weekly Outlook : Gold Spot Break Above $1400, Central Banks In Focus
Gold Silver Reports (GSR) – Spot Gold jumped in style, breaking above $1400 per ounce and hitting nearly 18 month highs as global equities edged up amid cautious trade.
Physical Gold Prices Up On Jewellers’ Buying
Gold Silver Reports (GSR) – Physical Gold prices rose by Rs. 200 to Rs. 32,870 per 10 grams on Friday, reported news agency Press Trust of India (PTI) quoting the All India Sarafa Association.
Gold Prices Could Rise Above $1,300 Next Week – Gold Silver Reports
Gold Silver Reports (GSR) – Gold prices could rise above $1,300 next week , The safe haven yellow metal found takers at the 100-week moving average (MA) of $1,277 on Monday as Trump’s re-escalation of the trade war with China sent risk assets sharply lower on the fist trading day of the week.