Gold prices Today: Gold and silver prices surged today in Indian markets tracking firm international prices. On MCX, February gold futures jumped 1.4% to one-month high of ₹51,009 per 10 gram while silver futures surged 5.4% or ₹3,600 to ₹71549 per kg. In the previous session, gold futures had edged 0.17% after three days of up-move lower while had fallen 0.6%.
Gold Weekly Price Outlook
Buy Gold Silver, Don’t Sell Bullion – Buy Slowly Every Dip
Buy Gold Silver (Bullion): After receiving a wave of retail attention earlier this year and briefly trading above $30 an ounce, Silver’s mainstream media coverage is fading. But traders are still buying up the precious metal on every dip, as it is still extraordinarily cheap relative to its peers.
Gold Miner Dividends Trump Copper Counterparts
Gold Miner Dividends Trump Copper Counterparts, Gold bugs will be rewarded with richer dividend prospects than copper-company investors this year, though such perks may be short lived.
Gold Prices Needs to Break $1827 for Next upside Level
Gold Prices Needs to Break $1827 for Next upside Level, US President Joe Biden’s stimulus package heads towards House vote, Gold’s comeback from multi-month lows gathers momentum into the 3rd straight session this Tuesday 23, 2021. Gold is building on Monday’s 1.5% surge, as rising worldwide inflation expectations bode well for the inflation-hedge.
Spot Gold Prices Struggles, Above $1875 Target $1900—$1960
- Gold prices struggled to capitalize on its intraday positive move beyond the $1875 area.
- Neutral technical indicators on the daily chart warrant caution for bullish traders.
- The formation of an ascending triangle supports prospects for additional gains.