Tag: commodities

Gold, Silver Rates Today News Updates: Prices of gold and silver opened sharply larger in the important thing spot markets of the nation on Friday, May 20, 2022.

The opening worth for 999 purity gold was Rs 51,012 per 10 grams, up Rs 330 from Thursday’s closing worth of Rs 50,682, whereas that of 999 purity silver was Rs 61,855 per kg, up Rs 768 from Rs 61,087, the information out there on India Bullion and Jewellers Association’s (IBJA) web site confirmed.

Bullion
Purity
Opening worth (Rs)
Previous shut (Rs)
Gold
999
51,012
50,682

995
50,808
50,479

916
46,727
46,425

750
38,259
38,012

585
29,842
29,649
Silver
999
61,855
61,087
Source: India Bullion and Jewellers Association (IBJA)

On the Multi Commodity Exchange of India (MCX), the gold contract for June supply was buying and selling at Rs 50,700.00 per 10 grams, up Rs 156.00 (0.31 per cent) at 2:54 pm whereas the silver contract for July supply was at Rs 61,902.00, up Rs 338.00 (0.55 per cent).

In the worldwide market, gold costs firmed on Friday and have been poised for his or her first weekly achieve since mid-April as a pullback within the greenback from two-decade highs and deepening considerations over US financial development burnished the metallic’s safe-haven attraction, information company Reuters reported.

Spot gold was up 0.2 per cent at $1,844.48 per ounce by 0751 GMT, after rising as a lot as 1.9 per cent within the earlier session. US gold futures have been almost flat at $1,840.80, the report stated.

Commenting on the gold market, Tapan Patel, Senior Analyst (Commodities) at HDFC Securities stated, “Gold prices kept firm trading set for the first weekly gain since April with dollar decline and fall in US bond yields. The dollar index fell to 103 mark while 10 year US Treasury yields fell to 2.86 per cent. The global economic growth worries are weighing on dollar despite of hawkish FED. The higher inflation may continue to support gold prices for medium term. We expect gold prices to trade sideways to up for the day with COMEX spot gold support at $1,820 and resistance at $1,870 per ounce. MCX Gold June support lies at Rs 50,400 and resistance at Rs 51,000 per 10 gram.”

Gold, Silver Rates Today News Updates: Gold costs opened a tad increased whereas that of silver declined sharply in the important thing spot markets of the nation on Thursday, May 19, 2022.

The opening worth for 999 purity gold was Rs 50,395 per 10 grams, up Rs 112 from Wednesday’s closing worth of Rs 50,283, whereas that of 999 purity silver was Rs 60,556 per kg, down Rs 593 from Rs 61,149, the info obtainable on India Bullion and Jewellers Association’s (IBJA) web site confirmed.

Bullion
Purity
Opening worth (Rs)
Previous shut (Rs)
Gold
999
50,395
50,283

995
50,193
50,082

916
46,162
46,059

750
37,796
37,712

585
29,481
29,416
Silver
999
60,556
61,149
Source: India Bullion and Jewellers Association (IBJA)

On the Multi Commodity Exchange of India (MCX), the gold contract for June supply was buying and selling at Rs 50,340.00 per 10 grams, up Rs 122.00 (0.24 per cent) at 2:55 pm whereas the silver contract for July supply was at Rs 60,523.00, down Rs 255.00 (0.42 per cent).

In the worldwide market, gold costs edged decrease on Thursday, as an elevated US greenback and rising Treasury yields weighed on greenback-priced bullion, with the steel’s outlook already dampened by an aggressive Federal Reserve stance on inflation, information company Reuters reported.

Spot gold had eased 0.2 per cent to $1,811.56 per ounce by 0754 GMT. US gold futures fell 0.4 per cent to $1,809.50, the report stated.

Commenting on the gold market, Tapan Patel, Senior Analyst (Commodities) at HDFC Securities stated, “Gold prices traded weak with spot gold prices at COMEX were trading marginal down near $1,812 per ounce on Thursday. Gold June future contract at MCX were trading 0.15 per cent down near Rs 50142 per 10 grams by noon session. Gold prices traded under pressure as traders and investors weighed on aggressive Fed despite of weak equity indices. Gold narrow range over mixed global cues from China COVID easing and plunge in equity indices over economic growth worries. We expect gold prices to trade sideways to down for the day with COMEX spot gold support at $1,790 and resistance at $1,830 per ounce. MCX Gold June support lies at Rs 49,800 and resistance at Rs 50,500 per 10 gram.”

Gold, Silver Rates Today News Updates: Prices of gold and silver opened decrease in the important thing spot markets of the nation on Wednesday, May 18, 2022.

The opening worth for 999 purity gold was Rs 50,297 per 10 grams, down Rs 296 from Tuesday’s closing worth of Rs 50,593, whereas that of 999 purity silver was Rs 60,961 per kg, down Rs 341 from Rs 61,302, the information obtainable on India Bullion and Jewellers Association’s (IBJA) web site confirmed.

Bullion
Purity
Opening worth (Rs)
Previous shut (Rs)
Gold
999
50,297
50,593

995
50,096
50,390

916
46,072
46,343

750
37,723
37,945

585
29,424
29,597
Silver
999
60,961
61,302
Source: India Bullion and Jewellers Association (IBJA)

On the Multi Commodity Exchange of India (MCX), the gold contract for June supply was buying and selling at Rs 50,091.00 per 10 grams, down Rs 82.00 (0.16 per cent) at 1:19 pm whereas the silver contract for July supply was at Rs 60,912.00, down Rs 244.00 (0.4 per cent).

In the worldwide market, gold costs fell on Wednesday because the greenback recovered barely, piling strain on greenback-priced bullion alongside agency Treasury yields and an aggressive inflation stance by the US Federal Reserve chief, information company Reuters reported earlier within the day.

Spot gold dropped 0.2 per cent to $1,810.49 per ounce, by 0557 GMT. US gold futures slipped 0.6 per cent to $1,808.10, the report stated.

Speaking on the bullion market, Nirpendra Yadav, Senior Commodity Research Analyst at Swastika Investmart stated, “Gold has opened on a negative note, where selling pressure is still intact, as any upside move will be a selling opportunity where it has resistance at Rs 50,200 and support at Rs 49,500 whereas in Comex, also it is expected to the test the levels of $1,800. Silver has the support at Rs 60,000 and resistance at Rs 61,100.”

Gold, Silver Rates Today News Updates: Gold costs opened a tad decrease whereas that of silver rose sharply in the important thing spot markets of the nation on Monday, May 16, 2022.

The opening value for 999 purity gold was Rs 50,367 per 10 grams, down Rs 98 from Friday’s closing value of Rs 50,465, whereas that of 999 purity silver was Rs 59,683 per kg, up Rs 577 from Rs 59,106, the information accessible on India Bullion and Jewellers Association’s (IBJA) web site confirmed.

Bullion
Purity
Opening value (Rs)
Previous shut (Rs)
Gold
999
50,367
50,465

995
50,165
50,263

916
46,136
46,226

750
37,775
37,849

585
29,465
29,522
Silver
999
59,683
59,106
Source: India Bullion and Jewellers Association (IBJA)

On the Multi Commodity Exchange of India (MCX), the gold contract for June supply was buying and selling at Rs 49,878.00 per 10 grams, up Rs 5.00 (0.01 per cent) at 3:17 pm whereas the silver contract for July supply was at Rs 59,770.00, up Rs 438.00 (0.74 per cent).

In the worldwide market, gold costs fell greater than 1 per cent on Monday to their lowest stage since late January, as a stronger greenback continued to hammer demand for greenback-priced bullion, information company Reuters reported.

Spot gold fell 0.8 per cent to $1,797.82 per ounce, by 0815 GMT. US gold futures dropped 0.6 per cent to $1,797.40,the report stated.

Commenting on the gold market, Tapan Patel, Senior Analyst (Commodities) at HDFC Securities stated, “The traders and investors weighed on aggressive rate hike in coming months while weaker Chinese Yuan is also boosting buying in dollar lowering demand for gold. The dollar index was trading off to 20 years highs on Monday. We expect gold prices to trade sideways to down for the day with COMEX spot gold support at $780 and resistance at $1,810 per ounce. MCX Gold June support lies at Rs 49,400 and resistance at Rs 50,200 per 10 gram.”

Gold, Silver Rates Today News Updates: Prices of gold and silver opened sharply decrease in the important thing spot markets of the nation on Friday, May 13, 2022.

The opening worth for 999 purity gold was Rs 50,387 per 10 grams, down Rs 731 from Thursday’s closing worth of Rs 51,118, whereas that of 999 purity silver was Rs 59,207 per kg, down Rs 589 from Rs 59,796, the information out there on India Bullion and Jewellers Association’s (IBJA) web site confirmed.

Bullion
Purity
Opening worth (Rs)
Previous shut (Rs)
Gold
999
50,387
51,118

995
50,185
50,913

916
46,154
46,824

750
37,790
38,339

585
29,476
29,904
Silver
999
59,207
59,796
Source: India Bullion and Jewellers Association (IBJA)

On the Multi Commodity Exchange of India (MCX), the gold contract for June supply was buying and selling at Rs 50,145.00 per 10 grams, down Rs 29.00 (0.06 per cent) at 3:15 pm whereas the silver contract for July supply was at Rs 59,023.00, up Rs 272.00 (0.46 per cent).

In the worldwide market, gold costs hovered close to a three-month low on Friday and have been set for his or her fourth straight weekly fall, because the strongest greenback in 20 years dampened demand for greenback-priced bullion, information company Reuters reported.

Spot gold was up 0.1 per cent at $1,823.40 per ounce, as of 0804 GMT, in uneven commerce. Earlier within the session, it hit its lowest since Feb. 7. US gold futures have been flat at $1,824.60, the report stated.

Commenting on the gold market, Nirpendra Yadav, Senior Commodity Research Analyst at Swastika Investmart stated, “Technically, gold prices are likely to continue lower in today’s session, and any price rise towards resistance levels could be a selling opportunity. Gold faces resistance at Rs 50,700 and support at Rs 50,000, with a drop to Rs 49,500 levels possible. Silver has Rs 58,000 as support and Rs 60,500 as resistance.”

Gold, Silver Rates Today News Updates: Gold costs in the important thing spot markets of the nation opened a tad larger whereas silver sharply declined on Thursday, May 12, 2022.

The opening value for 999 purity gold was Rs 51,284 per 10 grams, up Rs 451 from Wednesday’s closing value of Rs 51,205, whereas that of 999 purity silver was Rs 60,460 per kg, down Rs 990 from Rs 61,450, the info accessible on India Bullion and Jewellers Association’s (IBJA) web site confirmed.

Bullion
Purity
Opening value (Rs)
Previous shut (Rs)
Gold
999
51,284
51,205

995
51,079
51,000

916
46,976
46,904

750
38,463
38,404

585
30,001
29,955
Silver
999
60,460
61,450
Source: India Bullion and Jewellers Association (IBJA)

On the Multi Commodity Exchange of India (MCX), the gold contract for June supply was buying and selling at Rs 50,770.00 per 10 grams, down Rs 52.00 (0.10 per cent) at 2:46 pm whereas the silver contract for July supply was at Rs 60,150.00, down Rs 602.00 (0.99 per cent).

In the worldwide market, gold costs wobbled in uneven commerce on Thursday, because the greenback hit a 20-year excessive, balancing assist from decrease Treasury yields, after month-to-month US inflation knowledge signalled the Federal Reserve would possible follow its aggressive rate-hike roadmap, information company Reuters reported.

Spot gold edged down 0.1 per cent to $1,850.81 per ounce by 0809 GMT. US gold futures had been down 0.2 per cent at $1,850.80, the report mentioned.

Commenting on the motion within the gold market, Tapan Patel, Senior Analyst (Commodities) at HDFC Securities mentioned, “Gold prices witnessed knee-jerk reaction post US inflation data which slightly rose in the month of April. The dollar and US bond yields responded to the record inflation numbers limiting downside in gold. The fall in equity indices and plunge in crypto currencies also supported gold prices to hold grounds near $1,850 per ounce. We expect gold prices to trade sideways to down for the day with COMEX spot gold support at $1,830 and resistance at $1,870 per ounce. MCX Gold June support lies at Rs 50,500 and resistance at Rs 51,200 per 10 grams.”

Gold, Silver Rates Today News Updates: Prices of gold and silver in the important thing spot markets of the nation opened sharply decrease on Wednesday, May 11, 2022.

The opening value for 999 purity gold was Rs 51,045 per 10 grams, down Rs 451 from Tuesday’s closing value of Rs 51,496, whereas that of 999 purity silver was Rs 60,733 per kg, down Rs 740 from Rs 61,473, the info accessible on India Bullion and Jewellers Association’s (IBJA) web site confirmed.

Bullion
Purity
Opening value (Rs)
Previous shut (Rs)
Gold
999
51,045
51,496

995
50,841
51,290

916
46,575
47,170

750
38,284
38,622

585
29,861
30,125
Silver
999
60,733
61,473
Source: India Bullion and Jewellers Association (IBJA)

On the Multi Commodity Exchange of India (MCX), the gold contract for June supply was buying and selling at Rs 50,642.00 per 10 grams, up Rs 56.00 (0.11 per cent) at 1:16 pm whereas the silver contract for July supply was at Rs 60,900.00, up Rs 282.00 (0.47 per cent).

In the worldwide market, gold touched a three-month low on Wednesday as an elevated greenback held down costs whereas traders await US month-to-month inflation information, which could impression the Federal Reserve’s financial coverage stance and demand for bullion, information company Reuters reported.

Spot gold held its floor at $1,838.55 per ounce, as of 0546 GMT, after falling to its lowest since Feb. 11 earlier within the session, as a comparatively robust greenback made greenback-priced bullion much less engaging for abroad patrons. US gold futures dipped 0.2 per cent to $1,836.60, the report stated.

Commenting on the motion within the gold market, Nirpendra Yadav, Senior Commodity Research Analyst at Swastika Investmart stated, “As investors await US CPI data, day trend in gold and silver may remain range-bound to the downside. Gold has a support level of Rs 50,000 and a resistance level of Rs 51,200. Silver has a Rs 60,000 support level and a Rs 62,000 resistance level.”

Gold, Silver Rates Today News Updates: Prices of gold in the important thing spot markets of the nation opened marginally increased whereas that of silver slipped on Monday, May 9, 2022.

The opening value for 999 purity gold was Rs 51,699 per 10 grams, up Rs 7 from Friday’s closing value of Rs 51,692, whereas that of 999 purity silver was Rs 62,352 per kg, down Rs 178 from Rs 62,530, the info out there on India Bullion and Jewellers Association’s (IBJA) web site confirmed.

On the Multi Commodity Exchange of India (MCX), the gold contract for June supply was buying and selling at Rs 51,061.00 per 10 grams, down Rs 282.00 (0.55 per cent) at 3:47 pm whereas the silver contract for July supply was at Rs 61,930.00, down Rs 618.00 (0.99 per cent).

Bullion
Purity
Opening value (Rs)
Previous shut (Rs)
Gold
999
51,699
51,692

995
51,492
51,485

916
47,356
47,350

750
38,774
38,769

585
30,244
30,240
Silver
999
62,352
62,530
Source: India Bullion and Jewellers Association (IBJA)

In the worldwide markets, gold costs retreated 1 per cent on Monday as a firmer greenback and elevated US Treasury yields weighed on the enchantment of non-yielding bullion, information company Reuters reported.

Spot gold was down 1 per cent at $1,864.43 per ounce by 0936 GMT. US gold futures additionally fell 1 per cent to $1,873.20, the report mentioned.

Gold, Silver Rates Today News Updates: Prices of gold and silver in the important thing spot markets of the nation opened sharply decrease on Friday, May 6, 2022.

The opening worth for 999 purity gold was Rs 51,449 per 10 grams, down Rs 338 from Thursday’s closing worth of Rs 51,787, whereas that of 999 purity silver was Rs 62,358 per kg, down Rs 973 from Rs 63,331, the info out there on India Bullion and Jewellers Association’s (IBJA) web site confirmed.

On the Multi Commodity Exchange of India (MCX), the gold contract for June supply was buying and selling at Rs 51,239.00 per 10 grams, up Rs 340.00 (0.67 per cent) at 3:18 pm whereas the silver contract for July supply was at Rs 62,618.00, up Rs 282.00 (0.45 per cent).

Bullion
Purity
Opening worth (Rs)
Previous shut (Rs)
Gold
999
51,449
51,787

995
51,243
51,580

916
47,127
47,437

750
38,587
38,840

585
30,098
30,295
Silver
999
62,358
63,331
Source: India Bullion and Jewellers Association (IBJA)

In the worldwide market, gold costs had been on observe for a 3rd straight weekly decline on Friday as buyers fretted over the prospects of aggressive price hikes from the US central financial institution, although slight pullback in greenback helped the dear steel to tick increased on the day, information company Reuters reported.

Spot gold rose 0.2 per cent to $1,881.17 per ounce by 917 GMT, however was down 0.8 per cent for the week. US gold futures had been up 0.4 per cent to $1,883.30, the report stated.

Speaking on the motion in gold market, Tapan Patel, Senior Analyst – Commodities at HDFC Securities stated, “Gold prices recovered from early lows following weakness in dollar index and sharp rise in euro. Earlier, gold prices capped upside with rally in US bond yields as 10 year treasury yield rose above 3 per cent. We expect gold prices to trade sideways to up for the day with COMEX spot gold support at $1,860 and resistance at $1,890 per ounce. MCX Gold June support lies at Rs 50,800 and resistance at Rs 51,500 per 10 gram.”

Gold, Silver Rates Today News Updates: Prices of gold and silver in the important thing spot markets of the nation opened sharply decrease on Monday, May 2, 2022.

The opening worth for 999 purity gold was Rs 51,406 per 10 grams, down Rs 649 from Friday’s closing worth of Rs 52,055, whereas that of 999 purity silver was Rs 62,820 per kg, down Rs 1,954 from Rs 64,774, the info accessible on India Bullion and Jewellers Association’s (IBJA) web site confirmed.

On the Multi Commodity Exchange of India (MCX), the gold contract for June supply was buying and selling at Rs 51,104.00 per 10 grams, down Rs 650.00 (1.26 per cent) at 1:21 pm whereas the silver contract for July supply was at Rs 63,426.00, down Rs 923.00 (1.43 per cent).

Bullion
Purity
Opening worth (Rs)
Previous shut (Rs)
Gold
999
51,406
52,055

995
51,200
51,847

916
47,088
47,682

750
38,555
39,041

585
30,073
30,452
Silver
999
62,820
64,774
Source: India Bullion and Jewellers Association (IBJA)

In the worldwide market, gold costs fell on Monday as elevated US Treasury yields pressured demand for zero-yield bullion, forward of a broadly anticipated huge rate of interest hike by the Federal Reserve to include broadening inflationary pressures, information company Reuters reported earlier within the day.

Spot gold was down 0.6 per cent at $1,884.50 per ounce, as of 0536 GMT. US gold futures dropped 1.5 per cent to $1,883.30, the report stated.

Speaking on the motion in bullion market, Nirpendra Yadav, Senior Commodity Research Analyst at Swastika Investmart stated “Comex gold prices have fallen below $1,900, trading near $1,886, indicating additional price weakening. Silver is also trading below the $23 mark. Low industrial metal demand could put more downward pressure on Silver prices. Gold in MCX has breached 51200 levels, indicating to test the next support level of Rs 50,700. It has resistance at Rs 51,700. Silver has support at Rs 62,500 below this level it may intensify selling momentum towards Rs 61,500 levels. It has resistance at Rs 63,500.”