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Praveen Singh is an associate vice president of fundamental currencies and commodities at Sharekhan by BNP Paribas.
Praveen Singh is an associate vice president of fundamental currencies and commodities at Sharekhan by BNP Paribas.
Gold rate today: Donald Trump coming to power is likely to heighten the Sino-US trade tensions, which would be positive for gold
Silver rate today: Silver is likely to do better than gold in the short-term in case Harris wins the presidential race
Gold prices today: Spot gold hit a fresh record high of $2,773.53 on October 29, 2024. Buying the dips is the preferred strategy
Silver rate: The metal is expected to be highly volatile and choppy as this week is packed with crucial data out of both China and the US, and the next week will be about the US presidential elections
Gold Rate Today: Gold is well supported on the US deficit concerns as the US deficit is likely to increase irrespective of the US presidential election results
Spot silver at the time of the MCX closing was trading at $33.67, down around 0.10 per cent on the day.
Gold rate today: As gold prices are expected to be highly volatile, especially due to Brics headlines, buying the dips is the preferred strategy
Silver rate today: Unless we see a sharp decline in gold or copper prices, silver is likely to trade with a bullish bias
Presently, gold is not affected by the traditional drivers. Traders are focusing rather on uncertainties over the US Presidential election outcome and possibility of resurgence of inflation in
Silver is expected to trade with a positive bias in near-term on the US presidential election uncertainties, healthy ETF inflows, and strong demand in India amid geopolitical tensions
Silver surged on disappointing US weekly jobless claims data, though hotter-than-expected US CPI inflation data led to a volatile session
If China's stimulus details prove to be convincing to investor community, it is highly likely that gold prices may come under increased downside pressure
Spot gold at the time of the MCX closing was trading at $2624, up around 0.55 per cent on the day. The MCX December Gold contract at Rs 75,152 (LTP) was up nearly 0.30 per cent.
Surging US Dollar Index and tumbling bond prices are acting as headwinds for the metal as the US rate cut pace has become somewhat uncertain in the short term. Dip buying is preferred.
Silver price today: Silver prices crashed to their lowest level since September 19, on Tuesday, as commodities tumbled on multitude of bearish developments
Spot gold crashed to breach the crucial support around $2620 on Tuesday as commodities witnessed across-the-board selling.
Gold price today: Gold prices are expected to be highly volatile on geopolitical worries and crucial nonfarm payroll report.
The performance of the metal on Thursday has been encouraging as it managed to rise despite subdued gold prices and tumbling base metals
Gold hit a fresh record high of $2664 and closed with a hefty gain of 1.09 per cent at $2657.
On Tuesday, silver surged sharply higher on an unexpectedly huge stimulus package announced by China's Central Bank and the Chinese authorities.