Gold Silver Reports (GSR) Gold prices dipped below the Rs32,000-mark, tumbling Rs405 to Rs31,965 per 10 gram at the bullion market Monday amid a weak trend overseas and slump in demand from local jewellers. Silver prices followed suit and cracked Rs41,000-mark by falling Rs370 to Rs40,830 per kg.
Gold Tips
Gold Prices Zoom on Donald Trump Decided to Terminate the Planned Summit in Singapore on June 12th
Gold prices maintained its upward trend for the second straight day on Thursday, climbing another Rs125 to Rs 32,125 per 10 gram at the bullion market amid positive global cues and increased buying by local jewellers.
Physical Gold Kiss Rs 32000 on Jewelers Demand
Gold Silver Reports (GSR) – Physical Gold Kiss Rs 32000 on Jewelers Demand — Traders said increased Physical buying by local jewellers to meet retailers’ demand at domestic spot market and a depreciating rupee against the dollar, making gold import costlier, supported the uptrend.
Gold CME Made Falling Wedge Pattern Hurdel 1297—1300 Above Market Can Test 1306, Where Can Take “R” Turn or Beear Phase; Neal Bhai Reports (NBR) By CFA’s and MFA’s Technical Team
Gold CME Made Falling “Wedge Pattern” Hurdel 1297—1300 Above Market Can Test 1306, Where Can Take “R” Turn or Beear Phase, support Looks 1282 Cross or Close Below Daily Chart Big Bloodbath Coming Soon $1270——$1250——$1224
Gold Prices Maintain Uptrend on Jewellers’ Buying
Gold Silver Reports (GSR) — Gold Prices Maintain Uptrend on Jewellers’ Buying – Traders said that continued buying by local jewellers in the ongoing wedding season and a firm trend overseas mainly kept the precious metal’s prices elevated.
Spot Gold Critical Support @$1,300 Level
Gold Silver Reports (GSR) — Spot Gold Critical Support @$1,300 Level — While selling pressure has undoubtedly been a significant component of this recent decline, it is dollar strength that has been the predominant factor taking gold to its current pricing which is at a critical support level. This support level is crucial because of two technical indicators: Fibonacci retracement and the 200-day moving average.
Gold Comex Above $1273 Target $1284—$1292
Gold (XAU/USD) tumbles nearly 2% on Friday, yet it has recovered after reaching a daily low of $4,032 on growing speculation that the Federal Reserve (Fed) might pause its easing cycle as most officials struck a hawkish message.