Gold Silver Reports (GSR) – With gold coming under attack from the twin threats of a strengthening US currency and dwindling safe-haven demand, investors are wondering what can revive interest in the metal.
Gold Prices
Gold prices in India News in ounce, gram, kilo, pennyweight, tola and tael in US Dollars. Gold Future Price, Gold Market News, Gold Tips, Comex Gold Futures, Gold Trading Calls, charts, Gold Buy Sell, Gold performance and ratios, Gold price outlook.
Muted Domestic Demand Hurt Gold Prices for Second Day
Gold Silver Reports (GSR) – Gold had shed ₹50 to ₹33,170 per 10 gram on Tuesday. Bucking the trend, silver prices however today gained ₹20 to ₹39,120 per kg, tracking higher demand from industrial units and coin makers.
Gold Price Dip Attracts Buyers Amid Wedding Season
Physical gold demand improved this week in India as a correction in local prices attracted buyers, particularly with the wedding season underway, while premiums in China rose on steady buying in the world’s leading consumer.
Spot Gold Above $1,292 Target 1,302—1,310 – Neal Bhai Reports
Gold Forecast and Trading Tips
Gold Prices Jump Today But Silver Rates Drop
In global markets, gold prices today edged higher supported by a softer dollar and weakness in the equities market. Overnight, the US Federal Reserve hiked interest rates by 25 basis points, as widely expected, but what took markets by surprise was the US central bank’s commitment to retain the core of its plan to tighten monetary policy, despite rising uncertainty about global economic growth. Spot gold prices rose 0.5% to $1,249.46 per ounce.