The MCX Gold futures seem to be taking support around the 200-DMA, on the upside sustained trade above the 20-DMA at Rs 50,700 can trigger a fresh rally.
Silver is selling at Rs 55,100 per kg today
Silver prices, on the other hand, witnessed a fall of Rs 200 on Saturday. One kg of silver is currently selling at Rs 55,400 as compared to Rs 55,600 on Friday
Gold is currently trading at Rs 50,180 after a decrease of Rs 440
In India, the fall has been less steep due to the recent import duty hike on the yellow metal
(Reuters) - Gold bounced off a one-year low, gaining over 1% on Thursday, benefiting from some safe-haven interest amid economic concerns as the dollar eased.
Gold rates have slumped to a nearly one-year low over ECB rate hike fears. Oil prices have also followed suit
Gold is heading into the second half of the year under increasing pressure, with the dollar more than ever the dominant driver
Silver, on the other hand, witnessed a fall of Rs 300 as compared to previous day's rate. One kg of silver is currently selling at Rs 55,600
By Arundhati Sarkar
Gold prices remained unchanged in early trade as 10 gram of 24-carat of yellow metal is currently trading at Rs 50,390
Spot gold rose 0.7% to $1,719.49 per ounce by 0724 GMT, after falling to its lowest in nearly a year last week. U.S. gold futures gained 0.6% to $1,714.30.
In Delhi, Mumbai, and Kolkata, 10 gram of 24-carat gold is selling at Rs 50,390. Whereas, 10 gram of 22-carat gold is selling at Rs 46,190.
Silver prices too suffered losses in trade. 1 kg of silver is currently trading at Rs 55,000 after witnessing a fall of Rs 2,000 as compared to previous day's rate
Spot gold was down 0.3% at $1,704.99 per ounce, as of 0916 GMT, and lost 2.2% so far this week. U.S. gold futures eased 0.2% to $1,701.90.
Gold became dearer by Rs 210 in Friday's early trade as 10 gram of 24-carat of yellow metal is currently trading at Rs 51,160
(Reuters) - Gold slumped more than 2% to a near one-year low on Thursday, as the dollar extended its sharp rally while expectations grew for a steep interest rate hike from the Federal Reserve.
Gold prices took a hit as dollar rates hike amid US inflation data
The price of silver fell by Rs 6,100 per kg from the previous day's closing price, with the metal selling at Rs 56,400 on Thursday
Gold has recovered from a nearly 1-year dip with gold futures rising by 0.7% as the US dollar slips over inflation fears