Gold snapped a six-session losing streak while Wall Street was little changed on hopes the Fed will turn dovish
The MCX Gold October futures is trading near multiple supports in the form of 20-WMA, 20-DMA and 50-DMA; Whereas Silver futures may seek support near its recent low of Rs 54,160-odd level, while the u
Spot gold dropped 0.6% to $1,748.58 per ounce by 1:47 p.m. ET (1747 GMT), having hit its lowest since July 28 earlier in the session. U.S. gold futures settled down 0.5% at $1,762.9.
Spot gold fell for a fifth straight session, down 0.3% at $1,753.84 per ounce, which could be its longest losing streak since November 2021
Analysts see more upside for jewellery stocks as festive demand kicks in post the correction of gold prices
Sustained trade below Rs 52,065, can trigger a fall to Rs 51,650 - 51,700 levels on the Gold futures; whereas Rs 57,200 is the key support for Silver futures.
Customs sleuths at the Mangaluru International Airport have seized 24 carat gold weighing 831 gm from a passenger who arrived by an Air India flight from Dubai
The price of silver declined by Rs 300 per kg to Rs 58,700 per kg
The latest bout of outflows come amid a sharp surge in the equity markets
Gold prices edged lower on Tuesday as investors awaited U.S. inflation data due later in the week that could offer more clarity on the Federal Reserve's rate-hike plans to combat rising prices.
This week, the MCX Gold October futures could consolidate in the range of Rs 51,150 to Rs 52,870; Silver futures need to break above Rs 58,835 for gaining strength.
Over six kilograms of gold and electronic goods worth Rs 3.09 crore were seized in multiple incidents at the airport here in the last two days, the Customs department said on Friday.
On July 29, PM Modi launched India's first bullion exchange at Gujarat's GIFT City. Experts believe it will usher in transparency in the gold's price-setting mechanism. Here is more about the exchange
IIBX has the potential to ease the hassle involved in importing precious metals
Spot gold was flat around $1,771.29 per ounce by 0843 GMT, after hitting its highest since July 5 at $1,780.39 earlier in the session.
Gold and Silver prices go down gradually. Chennai to be the most expensive to city to buy gold and silver.
The MCX Gold futures are likely to face resistance around Rs 51,670, while Silver futures may face hurdle at Rs 59,030.
Gold and silver have always remained some of the precious assets to safeguard against inflation
If the Fed turns less aggressive, the yellow metal could stage a comeback
10 gram of 22-carat gold is trading at Rs 46,450 today after a fall of Rs 130