Gold prices can touch $1,210 level in next few days, says Sumeet Bagadia of Choice Broking

collected by :kiven Dixter

Gold prices can touch $1,210 level in next few days, says Sumeet Bagadia of Choice BrokingGold prices can touch $1,210 an ounce in next few days, said Sumeet Bagadia, Associate Director at Choice Broking. In an interview to CNBC-TV18, Bagadia said, "Looking at the chart, it seems that COMEX gold can give some more correction from the present levels. On upside, it has resistance at around $1,250-1,255 per ounce, till the time these levels are not taken away, it's better to be on sell side in gold." According to Bagadia, the house is expecting gold prices to move down and touch levels of around Rs 29,800 in MCX. The views and investment tips expressed by investment experts on CNBCTV18.com are their own and not that of the website or its management.

Gold prices rise by Rs 110, silver gets cheaper by Rs 100; check latest gold price in Delhi before buying

Gold prices rise by Rs 110, silver gets cheaper by Rs 100; check latest gold price in Delhi before buyingGold prices rose by Rs 110 to Rs 31,690 per ten grams on the back of persistent buying by local jewellers even as the precious metal weakened overseas. However, silver slipped by Rs 100 to Rs 40,500 per kg due to reduced offtake by industrial units and coin makers. In Delhi, gold of 99.9 per cent and 99.5 per cent purity surged by Rs 110 each to Rs 31,690 and Rs 31,540 per ten grams, respectively. However, silver slipped by Rs 100 to Rs 40,500 per kg due to reduced offtake by industrial units and coin makers. On the other hand, silver ready fell by Rs 100 to Rs 40,500 per kg, while weekly-based delivery climbed by Rs 680 to Rs 39,880 per kg on speculative buying.

Gold prices steady today, silver rates jump

referring to In Delhi, gold rates of 99.9% and 99.5% purity were steady at Rs 31,650 and Rs 31,500 per 10 grams, respectively. Photo: MintNew Delhi: Gold prices remained steady today at Rs 31,650 per 10 grams, while silver prices rose by Rs 250 to Rs 40,750 per kg following increased offtake by industrial units and coin makers amid firm global cues, reported news agency PTI. In Delhi, gold rates of 99.9% and 99.5% purity were steady at Rs 31,650 and Rs 31,500 per 10 grams, respectively. In Delhi, silver ready rose by Rs 250 to Rs 40,750 per kg while weekly-based delivery by Rs 205 to Rs 39,995 per kg, according to PTI. On the other hand, gold of 99.9 per cent and 99.5 per cent purity, ruled steady at Rs 31,650 and Rs 31,500 per 10 grams, respectively.

Gold prices subdued as dollar extends rally

Gold prices subdued as dollar extends rallyGold prices were muted early Friday as the dollar extended gains from the previous session when strong US inflation data and trade war concerns boosted demand for the greenback. FUNDAMENTALSSpot gold was down about 0.1 percent at $1,246.11 an ounce at 0050 GMT. Asian shares rose on Friday following gains on Wall Street overnight, as concerns over an escalating US trade war with China took a breather. The United States and China could reopen talks on trade but only if Beijing is willing to make significant changes, US Treasury Secretary Steven Mnuchin said on Thursday. SPDR Gold Trust, the world's largest gold-backed exchange-traded fund, said its holdings fell 0.48 percent to 795.19 tonnes on Thursday.