The bias for the remainder of December is likely to remain bullish as long as Gold futures trade above Rs 53,850. Meanwhile, near support for Silver is seen at Rs 67,500 - Rs 67,350 levels.
Higher interest rates tend to increase the opportunity cost of holding gold as it yields no interest
This has acted as a magnet for investors, and led to a record number of equity-trading and demat accounts being opened
From the high of $120 per barrel in June to the low of $75 per barrel in December, Brent crude oil prices have literally gone up and down. What will guide oil prices in 2023?
Brent crude futures were at $76.73 a barrel, up 58 cents, or 0.76%, at 0716 GMT, after dropping 1.3% on Thursday
24-carat gold is trading at Rs 54,000 per 10 grams
Silver prices fall by Rs 500 per kg, trading at Rs 65,500 today
The MCX Crude Oil and Natural Gas futures seem to be placed on a slippery ground on multiple time-frames, as per the charts.
Brent crude futures rose 17 cents, or 0.2%, at 0107 GMT to $79.52 a barrel. Last session the benchmark fell below $80 for the second time in 2022
Silver prices fall by Rs 500 per kg, trading at Rs 66,000 today
Analysts' target prices also indicates good upside for gold financiers
Silver prices rise by Rs 1,300 per kg, trading at Rs 66,500 today
Spot gold ticked 0.1% lower to $1,796.17 per ounce by 0938 GMT, after touching its highest level since July 5 at $1,809.91
Bias for Silver futures likely to remain bullish, with near support seen at Rs 63,600 followed by Rs 62,500 level.
Ten grams of 22-carat gold is trading at Rs 49,450
Leading FMCG companies say they are keeping a close watch on prices of major commodities, which have fallen in case of some items like palm oil, but the decline has not been "secular and broad-based".
22-carat gold was trading at Rs 49,250
Gold prices have risen about 2.3% this week in what would be their second straight weekly gain
China is set to announce an easing of its Covid-19 quarantine protocols in coming days and a reduction in mass testing
In Delhi, 24-carat and 22-carat gold is trading at Rs 53,330, and Rs 48,800