Gold Prices Slip Today on Weak Demand, Silver Follows – GSR

Gold Silver Reports (GSR) — Gold prices declined by Rs 100 to Rs 31,550 per 10 gram following slowing demand from local jewellers amid a weak global trend, reported PTI. Global gold prices rose marginally as investors largely discounted a US interest rate hike, but gains were limited as the dollar gained following reports of a row in Italy’s new government.

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India’s Gold Imports Down 25% In First Quarter

Gold Silver Reports (GSR) – Gold imports had amounted to $11.26 billion in the corresponding quarter of last financial year. The imports of the metal have been declining since January this year. Contraction in gold imports help contain the current account deficit.

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सोने की कीमत अगले हफ्ते फेडस्पीक पर प्रतिक्रिया दे सकती है

Gold Prices Hold at ₹ 31,650 per 10 grams, Silver prices Rise by ₹ 250

Gold Silver Reports (GSR) – Gold prices remained steady today at Rs 31,650 per 10 grams, while silver prices rose by Rs 250 to Rs 40,750 per kg following increased offtake by industrial units and coin makers amid firm global cues, reported news agency PTI. However, in global markets, gold prices hit a near two-week high as investors covered their short positions and the dollar slipped to its weakest since mid-June, while lingering US-China trade tensions also supported the metal. In Delhi, gold rates of 99.9% and 99.5% purity were steady at Rs 31,650 and Rs 31,500 per 10 grams, respectively.

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Gold prices

Gold Slightly Up After Big Downdraft Last Friday

Gold Silver Reports (GSR) — Gold Slightly Up After Big Downdraft Last Friday – Gold prices are slightly higher in early-afternoon U.S. trading Monday. The market saw a tepid corrective and short-covering bounce after sharp losses suffered on Friday that saw the yellow metal hit a six-month low. There was also some risk aversion in the marketplace today that might also be giving gold some mild support. August Comex gold futures were last up $2.00 an ounce at $1,280.40. July Comex silver was last down $0.025 at $16.45 an ounce.                      

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Gold Silver Time To Shine As Dollar Loses Its Luster – By Neal Bhai MFA Technical Analyst

Gold Silver Reports (GSR) – Gold Silver Time To Shine As Dollar Loses Its Luster — Turing back to gold, according to some commodity analysts, the precious metal is getting a modest boost from a weaker U.S. dollar as inflation, while ticking higher, does not support aggressive Federal Reserve monetary policy tightening.                      

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सोने की कीमत अगले हफ्ते फेडस्पीक पर प्रतिक्रिया दे सकती है

Iranians Go for Gold Amid Currency Turmoil, U.S. Tensions

Gold Silver Reports (GSR) – Iranians Go for Gold Amid Currency Turmoil, U.S. Tensions — Gold coin and bar demand in the Persian Gulf nation soared to 9.3 tons in the first quarter, a three-year high, on “investor concerns over worsening Iranian-U.S. relations and the prospect of currency controls,” the World Gold Council said Thursday in a report.

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