COMMODITY STRATEGIES GOLD
Commodity Talk: Silver down by Rs 5,000/kg in June. Is it setback to Rs 1 lakh target in 2024?
We do see further corrective moves of upto 2 – 3 % in prices in case US macro cues support the dollar further in near term. However silver is still expected to witness new all time highs this year driven by concerns of 2 rate cuts to persist driving investment demand in white metal.
Gold Price Today: Yellow metal opens at Rs 70,977/10 grams, silver at Rs 88,743/kg
Gold futures show signs of weakness with a Bearish Engulfing pattern, signaling a possible downturn. The Relative Strength Index (RSI) points to negative divergence, reinforcing a potential decline.
Gold Price Today: Yellow metal opens at Rs 71,515/10 grams, silver down by Rs 2,000 this week
Amidst market fluctuations, following Manoj Kumar Jain's guidance, consider selling gold around Rs 71,650 with a stop loss at Rs 71,860. Expect volatile movements in gold and silver prices this week, influenced by factors like the dollar index and upcoming U.S. economic data. Stay informed to navigate the changing market landscape effectively.
Gold Price Today: Yellow metal opens at Rs 71,712/10 grams, silver at Rs 88,858/kg
Gold and silver prices on MCX opened flat, with gold at Rs 71,712 per 10 gms and silver at Rs 88,858/kg. Both settled mixed on Monday amid US economic data anticipation.
Gold Price Today: Yellow metal trades flat; silver down by Rs 2,400
MCX gold August futures fell by Rs 151 in June while silver MCX July futures dropped by Rs 6,390. Prices showed high volatility due to U.S. housing data and dollar index strength.
Gold Price Today: Yellow metal prices rise by Rs 700 this week, silver at Rs 91,420/kg
MCX August futures for gold started the week at Rs 72,693 per 10 grams, marking a gain of Rs 720 (1%). Meanwhile, MCX July futures for silver opened at Rs 91,420/kg, increasing by Rs 2,300 (2.6%) over the week.
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Gold ETFs add over 1.36 lakh new folios in May, fastest in 60 months. AUM per folio 3rd best in 2 years
Gold ETF schemes added 136,772 folios in May, a 12.5% year-on-year increase. Investors are increasingly choosing Gold ETF mutual schemes for reasons like easy availability and low investment ticket size.
Gold Price Today: Yellow metal down by Rs 3,000 in a month, silver down by Rs 5,000
Gold prices for MCX August contracts started Thursday flat at Rs 71,746 per 10 grams, following a decline of Rs 2,950 over the past month. Meanwhile, silver July contracts, which dropped by Rs 5,000 during the same period, opened higher today by Rs 775 or 0.87% at Rs 90,250 per kilogram.
Gold Price Today: Yellow metal opens at Rs 71,657 per 10 grams, silver at Rs 88,856/kg
While trading within a range so far this week, MCX gold August contracts opened lower on Wednesday, down by 0.11% or Rs 82 at Rs 71,657 per 10 grams. Similarly, MCX silver July contracts also saw a decline, down by 0.25% or Rs 224 to Rs 88,856 per kilogram.
Learn with ETMarkets: Why Fed's rate decisions matter to commodity investors?
When the Fed raises rates, the opportunity cost of holding non-yielding assets like gold and silver increases, often leading to a decline in their prices
Gold Price Today: Yellow metal prices fall by Rs 3,400/10 grams in 20 days; silver drops Rs 6,000/kg
Gold prices on MCX fell by Rs 3,400 in 20 days, opening at Rs 71,012 per 10 grams. Silver contracts on MCX also dropped sharply. The decline was triggered by a strong US jobs report impacting the USD and Federal Reserve decisions.
Gold Price Today: Yellow metal opens slightly higher at Rs 72,914/10 gm; silver rises by Rs 1,100
Gold Price Today: In response to recent volatility in the bullion market, the August futures of gold opened 0.55% higher at Rs 72,914 per 10 grams, representing a gain of Rs 396. Both gold and silver rebounded from recent lows, attributed in part to interest rate cuts by the Bank of Canada.
Learn with ETMarkets: What do global economic trends, and their implications mean to gold, currency markets?
The Indian rupee tends to weaken during such times due to increased risk aversion and capital outflows. A weaker rupee makes gold and silver more expensive in the domestic market, potentially leading to profit booking and increased liquidity among investors.
Gold Price Today: Yellow metal opens flat at Rs 72,100 while silver down by Rs 1,080
Gold Price Today: Gold and silver futures open mixed on MCX ahead of US data. MCX Gold shows potential downside with support at Rs 71,700. Neha Qureshi recommends selling MCX gold at Rs 72,200 and silver at Rs 94,000.
Gold prices today: Yellow metal prices fall by Rs 2,400 in last 7 days, silver above Rs 94,500/ kg
Gold prices experienced a decline on Tuesday. Despite the dip, gold retained its strength as traders awaited US inflation data, which could influence the Federal Reserve's decision regarding interest rate cuts.
Gold Price Today: Yellow metal opens below Rs 72,000/10 grams, while silver flat at Rs 90,591kg
Gold prices on the MCX for June futures contracts slipped by Rs 126 or 0.18% to reach Rs 71,451 per 10 grams amid a backdrop of escalating treasury yields and profit booking.This decline in gold prices marks its most significant weekly drop of the year, following a record high earlier in the week.
Gold Price Today: Yellow metal opens at Rs 72,575/10 grams; silver drops 2% at Rs 91,415/kg
Supported by hawkish Federal Reserve remarks, gold prices for June futures contracts on MCX opened unchanged at Rs 72,575 per 10 grams, marking a decrease of Rs 471 or 0.64%. Gold stabilized following its largest decline of the month, influenced by Federal Reserve comments indicating a prolonged period of higher US interest rates to counter inflation.
Gold Price Today: Yellow metal drops over Rs 600 per 10 grams; silver dips Rs 1800/kg
Gold Price Today: Gold and silver prices fluctuated with MCX June futures down 0.85% and July silver contracts down 1.9%. Gold rose 18% this year due to central-bank purchases and strong demand from Asia despite higher Treasury yields and hawkish comments from Federal Reserve officials. The US Dollar Index was near 104.67.
Gold Price Today: Gold opens at Rs 72,884/10 grams, while silver at Rs 87,155/kg
Gold prices on MCX dip slightly amid hopes for Fed rate cuts. Despite Thursday's loss, gold remains steady, set for second weekly gain. Silver outperforms gold, up 25%. US Dollar Index rises.
Gold Price Today: Yellow metal prices shoot above Rs 73,000/10 grams; silver rises over Rs 87,000/kg
Gold Price Today: Gold prices on MCX for June futures opened flat at Rs 73,100 amid rate cut hopes. MCX July silver contracts rose. Dollar weakened on possible Fed rate cuts after an inflation report. Spot gold in the U.S. markets rose to $2,388.10. Neha Quereshi's analysis showed a bullish trend with support and resistance levels.
Gold Prices Today: Gold opens at Rs 72,365/10 grams, silver above Rs 85,000/kg
Gold futures on MCX traded flat ahead of US inflation data, with June contracts inching up 0.09% to Rs 72,365/10 grams. Meanwhile, MCX Silver July contracts rose 0.18% to Rs 85,569/kg. The expected moderation in US inflation may hint at potential Federal Reserve rate cuts, supporting gold prices.
Gold Price Today: Gold prices rise by Rs 1,350 in 10 days to Rs 72,010/ 10 grams, silver rates shoots above Rs 85,000 mark
Gold prices on MCX surged Rs 1,347 in 10 days, opening at Rs 72,010/10 grams today, up 0.22% or Rs 155. Silver also rose. Despite challenges, gold soared 13% this year.
Bajaj Finserv Mutual Fund launches Multi Asset Allocation Fund
The scheme will be benchmarked against 65% Nifty 50 TRI + 25% NIFTY Short Duration Debt Index + 10% Domestic Prices of Gold. Nimesh Chandan and Sorbh Gupta (equity investments), Nimesh Chandan and Siddharth Chaudhary (debt investments) and Vinay Bafna (commodities investments) will manage this fund.
Gold Price Today: Yellow metal tops Rs 72,000/10 grams on Akshaya Tritiya; silver near Rs 85,000/kg
Gold prices surged on Akshaya Tritiya, breaking the Rs 72,000 mark, while silver also saw gains. US data hinting at Fed rate cuts bolstered the precious metals market.
Learn with ETMarkets: How to safeguard gold, silver portfolio in volatile markets via hedging strategies?
In the unpredictable world of gold and silver trading, volatility is a constant companion, posing both opportunities and risks for investors.
Learn with ETMarkets: How to navigate through global uncertainties when trading in gold and silver?
Geopolitical events wield significant influence over the prices of MCX Gold and Silver, often sparking volatility and uncertainty in the market. Factors such as war tensions and trade disputes can swiftly alter supply and demand dynamics, prompting investors to seek refuge in precious metals.
Gold prices rise more than 15% in last three months; what strategies should investors opt now?
The yellow metal has risen more than 15% in the past three months and emerged as the best performing asset class since the beginning of 2024. Several factors have pushed up the yellow metal in the past three months. Will the rally in precious metal continue? What should investors do? Is bullion a good investment? How to invest in gold. ET Wealth answers all your questions.
Gold gains over 11% in FY2024 so far. But are these best returns in last 10 years?
As the financial year 2023-24 (April-March) is set to close in a week, gold's returns so far amount to an impressive 11% beating the inflation by nearly twice. However, returns by silver over the same period have been a mere 3.2%.
Commodity Talk | Risk-reward for gold not favourable after current rally, buy in staggered manner: Anuj Gupta
Anuj Gupta, Head Commodity & Currency, HDFC Securities recommends long-term investors to accumulate gold in a staggered manner rather than investing in one shot. A 3% to 5% correction in gold prices is a good opportunity. Equities, bullion, and cryptocurrencies are all performing well. Safe haven premiums, high liquidity, and the Fed nearing a pivot will keep gold shining.
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