Silver and gold price are rising more than 1% on Wednesday, recovering after posting sharp losses during two consecutive days. A modest decline in US yields, a correction of the US dollar, month-end flow, and some profit-taking favored the rebound.
MCX Gold Rate Today
Gold Prices Slip Near Lowest in a Year, Buying Picks Up in India
The correction in gold prices has triggered fresh retail interest in India. This however allowed dealers to charge higher premiums. On MCX gold futures fell to ₹44271 at day’s low on Friday, near a one-year low of ₹44,150 they touched earlier in the week.
Precious Metal is Proving To Be a Less effective Hedge
Precious metal is proving to be a less effective hedge against moves in other assets, such as stocks, as well as inflation, according to Russ Koesterich, portfolio manager for BlackRock’s Global Allocation Fund. Moreover, gold faces headwinds should the recovery pick up pace, he warned in a blog post.
Gold Price Eyes $1755 Amid Plenty of Health Support Key Levels
Gold price takes a breather after the two-day recovery rally but holds well above the $1697 key level. The returns on the US Treasuries resume the upside on the back of the revival of the reflation theme after Congress passed the $1.9 trillion stimulus bill on Wednesday.
Gold Price Rise As Stimulus, Inflation in Focus | Neal Bhai
Gold price steadied after advancing for two days as investors weighed the prospects of further U.S. stimulus and the latest reading on inflation.
Gold MCX Tips Today : Gold Low 45077 All Target Hit
Gold MCX Tips Today : Gold Low 45102 All Target Hit. Gold prices in India today struggled near 10-month lows amid weak global cues. On MCX gold futures were down 0.6% to ₹45283 per 10 gram, their sixth day of decline in previous seven days. Silver futures were down 0.3% at ₹69000 per kg. Gold is in a sideways trend and MCX gold resistance at ₹45600-45800 levels.
Gold price today trades higher, 46900 Crucial Support
Gold price today : India Gold MCX April Futures are trading in the green on February 16, 2021 following positive trend seen in the international spot prices. Silver March Futures were trading higher by nearly 1 percent.
Protected: Gold MCX Trading Tips : Gold Target 52000 or 44000? What Next?
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Buy Gold MCX Tips Today (FEB) 48800 Target 48950 – Open SL Paid
Buy Gold MCX Tips Today (FEB) 48800 Target 48950 – Open SL Paid. Gold prices gained strengthened and silver too was up more than 1 percent in Indian markets in the morning trade on January 29. On the Multi-Commodity Exchange (MCX) track gold prices, February gold contracts were trading higher by 0.25 percent at Rs 49,056 for 10 grams at 0920 hours. March silver was trading 1.3 percent higher at Rs 68,522 a kilogram.
Gold MCX Tips Today Both Call Hit Rona Mana Hai – Gold Next Move?
Gold MCX Tips Today Both Call Hit Rona Mana Hai, Trade With Neal Bhai. Gold witnessed a dramatic turnaround during the early North American session and rallied over $20 in the last hour.