The price of 22-carat gold also increased by ₹10, with ten grams of the yellow metal selling at ₹1,01,110
The price of 22-carat gold also declined by ₹10, with ten grams of the yellow metal selling at ₹99,340
The price of 22-carat gold also declined by ₹10, with ten grams of the yellow metal selling at ₹99,440
After scaling record highs last week, gold prices may face some short-term profit booking, with the precious metal's future direction dependent on upcoming global economic indicators like US and domestic inflation data, and the European Central Bank's policy meeting, according to analysts. Bullion traders will also closely monitor macroeconomic data, including the US Producer Price Index and speech of the European Central Bank's (ECB) President Christine Lagarde, they added. "Going into the week ahead, the focus will be on the inflation numbers from China, the US, Germany and India, along with American consumer sentiment data. Adding to that would be the European Central Bank's policy meeting on Thursday, as well as Chinese inflation data, which will be closely watched," Pranav Mer, Vice President, EBG - Commodity & Currency Research, JM Financial Services, said. On the Multi Commodity Exchange (MCX), the October contract of gold surged Rs 1,131 or 1.06 per cent to touch a ...
The price of 22-carat gold also increased by ₹10, with ten grams of the yellow metal selling at ₹98,660
On the technical side, charts are crystal clear. Gold recently broke out of a bullish pole-and-flag pattern on the weekly time-frame, a setup that often precedes strong continuation rallies.
Gold outlook: As the Fed Chair Powell's focus has shifted from inflation to the weakening US job market, the US monthly job report will be critical for gold for short-term trading.
The price of 22-carat gold also declined by ₹10, with ten grams of the yellow metal selling at ₹97,940
The price of 22-carat gold increased ₹10, with ten grams of the yellow metal selling at ₹97,260
Gold outlook: Spot gold continues to find robust support from a confluence of macroeconomic factors, chief among them being the rapidly deteriorating fiscal landscape in major economies.
International silver prices could climb toward $50 per ounce, translating into a 20-25 per cent rise in MCX silver prices to around ₹1,50,000 per kg
The price of 22-carat gold also declined by ₹10, with ten grams of the yellow metal selling at ₹97,060
The price of 22-carat gold also declined by ₹10, with ten grams of the yellow metal selling at ₹96,190
Gold prices, which scaled record highs in the domestic market last week, are likely to face a crucial test in the coming days with investors watching US macroeconomic data and geopolitical tensions for cues on the trajectory of the precious metal, analysts said. Upcoming US employment data, purchasing managers' index (PMI) readings from major economies, and speeches of several Federal Reserve officials will also be watched, they said. "In the week ahead, focus will be on the manufacturing/services PMI data from across regions and the US employment data. Festive demand in India and uncertainty over the Russia-Ukraine peace deal as well as straining India-US relations, will also drive market sentiment," Pranav Mer, Vice President, EBG -- Commodity & Currency Research, JM Financial Services, said. On Friday, the most-traded gold futures for October contract soared to an all-time high of Rs 1,04,090 per 10 grams on the Multi Commodity Exchange (MCX) before settling near record ...
The price of 22-carat gold climbed by ₹10, with ten grams of the yellow metal selling at ₹96,200
The price of 22-carat gold climbed by ₹10, with ten grams of the yellow metal selling at ₹94,060
The price of 22-carat gold climbed by ₹10, with ten grams of the yellow metal selling at ₹93,910
The price of 22-carat gold also declined by ₹10, with ten grams of the yellow metal selling at ₹93,040
The price of 22-carat gold also declined by ₹10, with ten grams of the yellow metal selling at ₹93,140
The price of 22-carat gold also increased by ₹10, with ten grams of the yellow metal selling at ₹92,140