Gold prices will remain sensitive to developments in West Asia, movement in crude oil prices, and a series of key economic data releases in the coming week, analysts said. Investors will monitor trade and inflation data from China and the US, mid-month Washington's consumer sentiment figures and India's Consumer Price Index (CPI) readings. The European Central Bank's monetary policy decision will also be in focus as market participants assess their impact on bullion and other commodities, they added. "Momentum for precious metals such as gold and silver still looks corrective," Pranav Mer, Vice President, EBG -- Commodity & Currency Research, JM Financial Services Ltd, said. Domestic commodity markets ended the week lower, with MCX gold futures for August delivery falling Rs 5,317, or 3.3 per cent, to Rs 1.55 lakh per 10 grams. Silver for July delivery fell Rs 18,461, or 7 per cent, to Rs 2.48 lakh per kilogram on the Multi Commodity Exchange (MCX). "Gold witnessed a weak ...
Speeches from US Federal Reserve officials during the week could significantly influence interest rate expectations and determine the near-term direction for bullion prices, they added
Spot gold was down 1.1 per cent to $4,406.81 per ounce, as of 0236 GMT, falling to its lowest level since March 27
Gold was pressured by rising geopolitical tensions after a drone strike caused a fire at a nuclear power plant in the United Arab Emirates, lifting crude prices and bets of interest rates
The price of 22-carat gold fell by ₹10, with ten grams of the yellow metal selling at ₹1,39,940
The price of 22-carat gold increased by ₹10, with ten grams of the yellow metal selling at ₹1,40,260
The price of 22-carat gold decreased by ₹10, with ten grams of the yellow metal selling at ₹1,38,340
The price of 22-carat gold fell by ₹10, with ten grams of the yellow metal selling at ₹1,37,840
From Dhan's Gold Vault launch to MakeMyTrip's India listing plans, markets see fresh momentum across commodities, IPOs, and index-driven inflows
The price of 22-carat gold decreased by ₹10, with ten grams of the yellow metal selling at ₹1,40,890
Gold and silver may face some selling pressure this holiday-shortened week as traders track peace talks between the US and Iran, crude oil rates and the Federal Reserve's policy decision, analysts said. Domestic commodity markets would remain closed on Friday on account of Maharashtra Day. "Focus in the coming week will remain on the progress in peace talks between the US and Iran, and their potential impact on oil, gold, and broader financial markets," Pranav Mer, Vice President, EBG - Commodity & Currency Research, JM Financial Services Ltd, said. On the macroeconomic front, traders will monitor monetary policy decisions from the US Federal Reserve, Bank of Japan, Bank of England and European Central Bank. Besides this, key US data on housing, Personal Consumption Expenditures (PCE) inflation and consumer confidence, along with factory activity numbers from major economies later in the week, will also guide sentiment, he added. Analysts said the April 29 Federal Open Market ...
Silver can test support around $72 should bears take out the key level of $74.50. Upside may be capped at around $79 for a very short term
The price of 22-carat gold decreased by ₹10, with ten grams of the yellow metal selling at ₹1,40,740
The price of 22-carat gold decreased by ₹10, with ten grams of the yellow metal selling at ₹1,42,340
The price of 22-carat gold decreased by ₹10, with ten grams of the yellow metal selling at ₹1,42,340
The price of 22-carat gold decreased by ₹10, with ten grams of the yellow metal selling at ₹1,42,790
The price of 22-carat gold decreased by ₹10, with ten grams of the yellow metal selling at ₹1,41,340
Domestic gold prices were trading around ₹1,53,200 per 10 grams on Friday, after rising to ₹1,55,065 earlier this week, the highest in a month
The price of 22-carat gold decreased by ₹10, with ten grams of the yellow metal selling at ₹1,39,740
The price of 22-carat gold decreased by ₹10, with ten grams of the yellow metal selling at ₹1,40,090