Gold Rate Today Dropped: Gold and silver rates fell sharply in Indian markets today, tracking a drop in international rates. On MCX, gold futures were down 0.6% to ₹46,377 per 10 gram while silver rates slumped 1%.
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MCX Silver – MCX Silver Target Today, Free Tips, Trend & Live Market. Get MCX SILVER price today across expiry dates! Price charts & market information on SILVER Futures traded on MCX.
Gold Weekly Report: Next Week Eyes on US CPI Data | Gold Silver Reports
Consumer Price Index (CPI): The first high-impact data release of the week will be Tuesday’s CPI report from the US. Cleveland Federal Reserve Bank President Loretta Mester said on Friday that she sees upside risks to the inflation forecast and voiced her support for tapering to start before the end of the year. On a similar note, Atlanta Federal Reserve President Raphael Bostic noted that it would be appropriate to taper sometime this year.
Gold bears look to $1,758, ECB PEPP verdict in focus
Gold justifies the technical breakdown amid sour sentiment during early Thursday. That said, the yellow metal holds lower ground near $1,790, the lowest in two weeks by the press time. Fed tapering woes, virus-led economic fears and stimulus chatters keep bears hopeful.
Gold Prices Hit Monthly Big Gain, Silver Rates Up
Gold prices dealers in India charged premiums of up to $2 an ounce over official domestic prices, unchanged from previous week, news agency Reuters reported.
Silver Price Should Bounce Very Soon | Gold Silver Reports
Silver price has retested a historical support and is ready to follow up a long trade. We can see a daily confirmation of buyers in the POC zone. If the market makes a bounce in the zone we could see a retest of M L3 and M H3 levels. M L3 is 24.83 and 26.09 could be the target. For bulls to win this swing the price needs to stay above 23.00.
Gold Prices Today Struggle After Sharp Jump, Silver Rates Slip
Gold prices today struggled for direction today after a sharp gain in the previous session. On Free MCX Tips, gold was flat at ₹46961 per 10 gram while silver dipped to ₹63,160 per kg.
Silver Market Longer-Term Bullish Bias Maintained | Neal Bhai
Silver Market Longer-Term Bullish: “Silver saw complete rejection from the 200-day ma and sold off aggressively towards the long-term pivotal support at $21.87/17. It is considered to be a major band of support. Given that the market has spiked down to this area and recovered we will for now maintain our longer-term bullish bias.”