MCX Gold Tips – Watch 46333 Level, Sell on Rise Target 45445—45100 – Neal Bhai
Gold is flirting with a break below its previously dominant uptrend channel but there remains little obvious desire to take major profits at current, high levels.
Gold is flirting with a break below its previously dominant uptrend channel but there remains little obvious desire to take major profits at current, high levels.
Silver market took a beating with May futures crashing 3% to ₹39,758 per kg. Gold prices in India had surged sharply lastweek rising about ₹3,000 per 10 gram in tandem with a rally in global rates.
Gold futures prices were up 0.49 per cent to Rs 40,169 per 10 grams, while silver futures were up 0.49 per cent at Rs 45,755 per kg.
Gold prices, which briefly topped $1,600 last week, could rally to $2,000 an ounce amid heightened political risks, Bridgewater’s co-chief investment officer Greg Jensen told the Financial Times Wednesday.
The Centre will make hallmarking of gold jewellery and artefacts mandatory from Wednesday by issuing a formal notification, but it will give one year’s time to jewellers and retailers to register themselves with the Bureau of Indian Standards (BIS) and clear their old stock.
सोने ही नहीं, बल्कि चांदी (silver) में भी जबरदस्त गिरावट दर्ज की गई है। चांदी में मंगलवार को 830 रुपये की गिरावट आई है। भाव में इस कमी से चांदी का भाव 48,600 रुपये प्रति किलोग्राम पर आ गया है। इससे पहले सोमवार को चांदी 49,430 रुपये प्रति किलोग्राम के भाव पर बंद हुई थी।
Indian Gold December Futures rose in early trade on November 21 supported by concerns that US bills on Hong Kong could increase tensions between the US and China.
Gold prices in India fell for the second straight day today. On MCX gold prices were down 0.09% to ₹38,172, extending losses to the second day.
Gold prices in India today remained muted, tracking losses in global rates. MCX gold prices fell 0.15% to ₹37,624 per 10 gram today as the exchange opened for trading in the evening session, from 5 pm.