GOLD CONTRACTS
Gold Price Today: Yellow metal prices gain over Rs 900, silver rises over Rs 2,000
Following dovish Fed comments, gold and silver prices surged, with gold opening at Rs 72,460 per 10 grams and silver at Rs 91,904/kg. Market anticipates potential rate cuts. Dollar index decline supports bullion markets. Expect volatility ahead of US job reports. Expert forecasts range-bound movement due to US holiday.
Gold’s 13% uptick beats Nifty's H1CY24 gains. Who could hold the edge in second half?
HDFC Bank's shares surged approximately 3% to reach a new 52-week high on Wednesday. Investors reacted positively to news suggesting a potential increase in the bank's weightage in the MSCI Emerging Markets index. Doubling lenders' weightage in the global index can attract FII flows, ranging from $3.2 bn to $4 bn.
Gold Price Today: Yellow metal remains flat this week, silver up by Rs 750
Gold and silver prices at MCX fluctuate amidst stable DXY, U.S. job openings surge, and European CPI decrease, impacting trading decisions.
Gold Price Today: Gold opens flat at Rs 71,689 per 10 gram, silver trades at Rs 89,867/kg
Gold and silver prices remain stable but cautious as markets await speeches from Fed Chair and ECB President. Manoj Kumar Jain predicts price volatility this week.
Gold Price Today: Gold prices trade flat in June month, silver down by Rs 4,400
Gold and silver prices fluctuated in response to U.S. economic data and Dollar Index movements. Expert advice suggests buying on price dips while support and resistance levels hold steady.
Gold Price Today: Gold opens at Rs 71,446/10 gms, silver drops by Rs 4,400/kg in June
On Friday, Gold August futures contracts at MCX started trading at Rs 71,446 per 10 grams, marking a decline of Rs 126 or 0.18%. Meanwhile, MCX Silver July futures opened at Rs 87,180/kg, reflecting a drop of Rs 4,400 since the beginning of June. The previous day, both gold and silver prices had closed higher in both international and domestic markets.
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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.
US PMI data triggers sharp decline in gold prices
Gold prices surged to a two-week high of $2,366 following a second rate cut by the Swiss National Bank and weaker US data. Traders anticipate a move by the US Federal Reserve, especially after the European Central Bank's rate cut.
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.
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.
Elevated gold prices to restrain jewellery consumption growth to 6-8% in FY25: ICRA
ICRA forecasts a slowdown in India's jewellery consumption growth to 6-8% in FY2025, down from 18% in FY2024, citing elevated gold prices dampening consumer sentiment. Volume is expected to contract after marginal growth in previous years. Despite stable gold prices post-April 2023, a 14% rise in FY2024 boosted revenues amid muted volumes. Operating margins are projected at 7-8% amidst rising competition, with retailers expanding cautiously amid subdued consumer demand.
Gold Price Today: Yellow metal opens at Rs 71,650 per 10 grams, Silver at Rs 89,152/kg
Gold and silver prices rebounded from recent lows, supported by bargain hunting at lower levels, amid slightly positive trends in both domestic and international markets. Bullion prices have surged approximately 13% so far this year, reaching record highs.
Gold Price Today: Yellow metal dips by Rs 3,500 from all-time high, silver down by Rs 3,300 in June
Gold and silver prices on MCX reacted to market trends influenced by the USD index, Fed comments on inflation, jobless claims, and specific support and resistance levels, with buying recommendations for investors.
Gold Price Today: Yellow metal opens flat at Rs 71,547/10 grams; silver falls by Rs 6,800 in June so far
As investors awaited the US CPI data scheduled for later in the day, gold prices for August futures contracts on MCX began the day unchanged at Rs 71,547 per 10 grams. In contrast, MCX July silver contracts have experienced a decline of Rs 6,800 since the beginning of June, opening today at Rs 89,317 per kg.
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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 flat at Rs 73,239 per 10 grams, silver rises Rs 3,200 in a day
Gold and silver prices at MCX remained flat with gold opening at Rs 73,239 per 10 grams and silver at Rs 93,650/kg.
Gold prices today: Yellow metal opens at Rs 72,160 per 10 grams, silver at Rs 92,099 per kg
Gold and silver gained after disappointing U.S. manufacturing PMI data and weakness in dollar index. In international markets, gold and silver futures settled higher.
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Gold prices today: Yellow metal opens at Rs 72,105 per 10 grams; silver down by Rs 1,400/kg
Gold and silver prices at MCX showed high volatility ahead of U.S. GDP data. U.S. Fed member Kashkari's hawkish statements led to a surge in the dollar index and U.S. bond yields.
Gold Price Today: Yellow metal opens at Rs 71,565/10 grams; silver jumps over Rs 1,100/kg
Gold prices on MCX for June futures contracts rose by 0.43% ahead of key US economic data. Fed officials indicated a delay in gaining confidence in inflation moving to 2%.
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Gold Price Today: Yellow metal opens flat at Rs 73,930 per 10 grams, silver at Rs 94,306/ kg
Gold futures and silver contracts stayed near all-time highs as traders awaited signals on Federal Reserve policy. The prices hovered above key levels supported by safe-haven buying and the prospect of interest rate cuts from the U.S. Federal Reserve. Bullion and U.S. gold futures held steady, while the US Dollar Index hovered near the 104.64 mark.
Gold Price Today: Yellow bullion opens flat at Rs 71,350/10 grams; silver at Rs 82,883/kg
In the US, spot gold rose 1% to $2,324.94 per ounce by 2:00 p.m. ET (1800 GMT). U.S. gold futures for June delivery settled 0.9% higher at $2,331.2 per ounce.
Shanghai exchange sets trading limits on gold, copper futures as prices rally
The Shanghai Futures Exchange (SHFE) will impose trading limits on its gold and copper contracts, it said on Wednesday, following sharp price rallies by both metals.
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