Gold Prices Slip Today Silver Edges Lower

Gold Prices Slip Today, Silver Edges Lower

Global spot gold rate was little changed at $1,226.71 an ounce. It touched $1,233.26 on Monday, its highest since July 26. US gold futures were flat at $1,230.40 an ounce. Despite the recent rally in global gold rates, price of the precious metal remains down nearly 10% from its April peak.

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Gold Spot

Gold Prices Rebound Today, Silver Rises – Gold Silver Reports

Gold prices rebounded by ₹ 170 to ₹ 30,420 per 10 grams today amid fresh demand from local jewellers and positive global sentiment , reported PTI. In global markets, gold rates inched up as demand for the yellow metal rose after prices slumped to a 19-month low last week, while a rising dollar weighed on the market ahead of planned US-China trade talks. In Delhi, gold prices of 99.9% and 99.5% purity rose by ₹ 170 each to ₹ 30,420 and ₹ 30,270 per 10 grams, respectively.

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MCX GOLD FUTURES OUTLOOK

Gold May Hit $1,300 by End of Year, ICBC Says

Gold Silver Reports (GSR) – Bullion is set to average $1,260 an ounce in the third quarter and rise further in the following three months as interest rate increases are priced in and physical demand emerges, Marcus Garvey, a London-based commodities strategist, said in an interview in India.       

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How to Invest in Gold

How to Invest in Gold

Gold Silver Reports (GSR) – Gold is one of history’s most famous and important metals and has been the basis for monetary systems for thousands of years. Although no country today still uses the gold standard, the demand for the product as an alternative to fiat money has picked up in recent years thanks to the impressive stability of the precious metal.        

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