In the global market, gold was trading near $4,320 per ounce on Comex, while silver was around $62.50 per ounce
Hitesh Rathi, Technical Analyst (Equity & Derivatives) at Angel One believes that the technical set-up of Titan, Kalyan Jewellers and Hindustan Zinc suggests further upside for these stocks.
Gold and silver futures advanced as easing West Asia tensions boosted hopes the US Federal Reserve may delay further interest rate hikes
In the global market, gold was trading near $4,115 per ounce on Comex, while silver was around $58.90 per ounce
In the global market, gold was trading near $4,115 per ounce on Comex, while silver was around $58.30 per ounce
Dovish FOMC outcome is supportive of higher gold prices in very short term, though oil prices can cut the rally short.
Even if silver performs, we believe the weightage for gold could be higher in one's portfolio, said Manav Modi of MOFSL.
Experts advise investors to avoid aggressive buying and accumulate gold and silver gradually on dips as Fed policy uncertainty keeps precious metal prices volatile
Gold futures edge higher on short covering even as a firmer dollar and elevated US Treasury yields cap gains, while silver trades lower
The company said that despite benign gold prices in the June quarter, volume in gold segments of business was relatively lower, hit by a steep increase in import duty.
Both metals had registered a sharp fall in the domestic and global markets on Tuesday
Gold and silver futures traded higher after crude oil slipped below $100 a barrel, while renewed geopolitical tensions and safe-haven buying supported precious metals
Praveen Singh, Head of Commodities at Mirae Asset Sharekhan, said elevated expectations of a Fed rate hike are bearish for the metal, but the downside is expected to remain limited
Spot gold rose 0.9 per cent to $4,113.73 per ounce, as of 0123 GMT, having climbed to its highest since July 10
In the global market, both metals rose after a weak start, while their futures prices opened higher in the domestic market
The yellow metal of 99.9 per cent purity climbed Rs 1,400 to Rs 1,46,900 per 10 grams (inclusive of all taxes) from Friday's closing level of Rs 1,45,500 per 10 grams
Gold and silver futures traded higher in domestic and global markets as escalating geopolitical tensions boosted demand for safe-haven assets
The US Fed chief Warsh's hawkish stance and rate hike worries due to Middle East tensions would keep Gold prices under pressure.
Gold and silver futures opened lower on both MCX and Comex, with prices remaining under pressure during Wednesday's trading session despite ongoing global uncertainties
Gold's near-term direction depends on whether June CPI marks the start of a durable disinflation trend or a temporary pullback driven by energy base effects.