![Gold Price Intraday Technical Forecast By Neal Bhai [08-06-2022]](https://goldsilverreports.com/wp-content/uploads/2018/12/gold-silver-shop-neal-bhai-reports.jpg "Breaking News - Import Duty On Gold May Be Cut 4% from the Current 10% 1")
Gold Silver Reports (GSR) – “We are pushing for it (gold policy) as we need an integrated policy. In the next few days, we will have a meeting of all concerned people to frame the policy on an expeditious basis. We are looking at all elements of gold in the policy,”.
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Gold Climbs as Investors Flock to Safety – Gold Silver Reports
Gold Silver Reports (GSR ) – Spot gold had risen by 0.2 percent to $1,277.75 per ounce as of 0448 GMT, and was set for a second straight weekly gain with no end in sight for China-U.S. trade tensions and political uncertainty in the United States.
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.
Buy Gold for 1 Rupee: Sellers Try New Ways to Boost Demand
Gold Silver Reports (GSR) – “A lot of people have been buying at one rupee,” according to Gaurav Mathur, managing director of digital platform SafeGold, which has partnered with payments apps such as Flipkart Online Services Pvt.’s PhonePe to sell gold starting at that price. “It’s a low-risk way to try the product.”
Gold Prices Slip for First Time in 4 days, Silver Rates Fall
Gold Silver Reports (GSR) – Sovereign gold prices, however, today held steady at Rs 25,000 per piece of 8 gram. Silver ready rates fell by Rs 25 to Rs 38,550 per kg, while weekly-based delivery was marginally up by Rs 22 to Rs 38,181 per kg. Silver coins, however, remained unchanged at Rs 74,000 for buying and Rs 75,000 for selling of 100 pieces.