Page 65 - Gold
MCX Gold, Silver futures seem range-bound; Key levels to watch out
The bias for MCX Gold August futures is likely to remain bullish as long as the commodity sustains above Rs 51,600, below which prices can dip to Rs 51,300 to Rs 51,200.
 "MCX Gold, Silver futures seem range-bound; Key levels to watch out")
Gold to remain bullish above Rs 51,600-level; Silver futures await breakout
The bias for MCX Gold August futures is likely to remain bullish as long as the commodity sustains above Rs 51,600, below which prices can dip to Rs 51,300 to Rs 51,200.
 "Gold to remain bullish above Rs 51,600-level; Silver futures await breakout")
India's gold imports jump 677% in May to 101 tonnes, shows data
India imported 101 tonnes of gold in May, compared to 13 tonnes a year earlier
Decisive move likely in MCX Gold this week; Silver futures may consolidate
The Rs 50,975-level is the pivot point for MCX Gold futures this week; Silver futures may trade in a broad range of Rs 60,165 to Rs 63,175 this week.
 "Decisive move likely in MCX Gold this week; Silver futures may consolidate")
Exports in May up by 15.46% to $37.29 bn; trade deficit widens to $23.33 bn
Imports during the month grew by 56.14% to $60.62 billion
 "Exports in May up by 15.46% to $37.29 bn; trade deficit widens to $23.33 bn")
Gold standard of hallmarking purity is now just a click away: Here's how
Download BIS Care app, use 'verify HUID' to check authenticity
 "Gold standard of hallmarking purity is now just a click away: Here's how")
Upside seems capped for MCX Gold; Silver may consolidate in this range
The upside for MCX Gold June futures seem capped around Rs 51,400-level, while support is seen around Rs 50,670; Silver futures may consolidate in a broad range of Rs 58,480 to Rs 63,885.
 "Upside seems capped for MCX Gold; Silver may consolidate in this range")
Bihar govt allows exploration of 'country's largest' gold reserve
The Bihar government has decided to accord permission for exploration of the "country's largest" gold reserve in Jamui district, an official said
 "Bihar govt allows exploration of 'country's largest' gold reserve")
MCX Natural Gas likely to test new highs; key levels for MCX Crude Oil
The MCX Natural Gas futures may test Rs 704 as indicated on the daily charts; the bias for the remainder of the week is likely to remain bullish as long as Natural Gas sustains above Rs 673.
 "MCX Natural Gas likely to test new highs; key levels for MCX Crude Oil")
Gold gains for third straight session, climbs over 1% on dollar sell-off
The dollar slumped 1% as investors kept up selling pressure, cutting bets on further dollar gains from rising U.S. rates. A weaker dollar makes gold cheaper for overseas buyers. [USD/]
 "Gold gains for third straight session, climbs over 1% on dollar sell-off")
MCX Gold, Silver: Upside seems capped; likely trading range for the week
The upside for MCX Gold June futures seem capped around Rs 51,500-odd level; while MCX Silver futures are likely to face strong resistance in the Rs 64,200 - 64,800 range.
 "MCX Gold, Silver: Upside seems capped; likely trading range for the week")
Gold prices touch to over one-week high as dollar starts on back foot
Prices hit their highest since May 12 at $1,853.55 earlier in the session.
 "Gold prices touch to over one-week high as dollar starts on back foot")
India's foreign exchange reserve declines by $2.67 billion to $593 billiion
In the previous reporting week, forex reserves stood at $595.95 billion.
 "India's foreign exchange reserve declines by $2.67 billion to $593 billiion")
Gold prices subdued by strong US retail sales, aggressive rate hike bets
U.S. retail sales increased strongly in April suggested demand was holding strong despite high inflation and assuaged some fears that the economy was heading into recession
Gold firms in narrow range as dollar backs off further from two-decade high
"Gold is behaving less like an arrow and more like a feather. It's drifting a little this way, and a little that way on the winds that drive markets," independent analyst Ross Norman said.
Golds ticks up as dip in US yields loosens dollar's grip; palladium up 3%
The dollar inched lower, but still held near a two-decade peak, making gold expensive for overseas buyers. [USD/]
 "Golds ticks up as dip in US yields loosens dollar's grip; palladium up 3%")
Spiraling inflation may boost gold demand as a hedge, says UBS report
Imports were only worth $34.62 billion in the pandemic-hit FY21.
Bias remains negative for MCX Gold, Silver futures; Key levels to watch out
The MCX Gold futures may slide towards the 200-DMA at Rs 48,840 in the near term; while the broader trend indicates a downside target of Rs 53,000 for MCX Silver futures.
 "Bias remains negative for MCX Gold, Silver futures; Key levels to watch out")
RBI's gold reserves up over 100 tonnes in the last two years, shows data
As at end-March 2022, the Reserve Bank held 760.42 tonnes of gold, including gold deposits of 11.08 tonnes
Equities, cryptos, metals: Most asset classes gave negative return in 2022
These negative returns have largely been triggered by panic selling by new investors who exited in droves in the backdrop of rising interest rates, inflation worries and the geopolitical tensions
 "Equities, cryptos, metals: Most asset classes gave negative return in 2022")