KUCH BHI PUCHNA HO, PLS COMMENT MAIN LIKH KAR PUCH SATE HO.
White metal Updates – Despite all the bearish developments that we described in the previous analyses, and despite myriads of bearish factors that remain in place for the following months, it seems that the white metal is about to rally. Gold, and mining stocks could move higher as well, and we’ll move to that shortly. For now, let’s talk silver.
Gold prices on Friday fell by Rs 304 to Rs 37,962 per 10 gram in futures trade amid profit-booking by speculators on low demand.
Gold and silver prices in India continued their slide today, tracking similar global trend. On MCX, October gold futures prices were down 1% today to ₹38,527 per 10 grams, off over ₹1,000 from all-time highs of ₹39,885 hit earlier this week.
Silver on MCX settled down 0.37% at 37862 as U.S. Federal Reserve chairman Jerome Powell played down expectations of aggressive rate cut.
Gold Silver Sell More Lots 500—1000 Lots and So Jaao – Neal Bhai Reports
Nervous trading ahead of the key event holds the yellow metal captive after recent declines.
Gold Silver Reports (GSR) – Silver prices is currently trading around $14.82 marks. Intraday bias remains neutral till the time pair holds key resistance at $14.80 mark. It made intraday high at $14.97 and low at $14.76 levels.
Silver will see a resurgence in demand this year from rural Indians spending cash handouts from the government designed to aid local economies ahead of the general election, according to Metals Focus Ltd.