Gold Prices Dip For Fourth Straight Day: 5 Points

collected by :kiven Dixter

Gold prices declined by Rs 40 to Rs 31,360 per 10 grams on Tuesday, driven by a weak trend overseas amid fall in demand from local jewellers, reported news agency Press Trust of India (PTI). Marketmen said that apart from a weak trend overseas, a fall in demand from local jewellers and retailers at the domestic spot market mainly kept gold prices lower. Here are key things to know about gold and silver prices today:1. Gold prices recovered from a nearly seven-month low on Tuesday as dollar eased and Asian shares sank amid heightening trade friction between the United States and major economies. In sync with gold, silver ready eased by Rs 50 to Rs 40,300 per kg and weekly-based delivery cracked below the Rs 39,000-mark by falling Rs 95 to Rs 38,945 per kg.

Gold Prices Rise For Second Straight Day: 5 Points

Gold Price: Sovereign gold, however, remained unaltered at Rs 24,800 per piece of eight grams. Silver prices too surged by Rs 690 to Rs 40,600 per kg backed by increased offtake by industrial units and coin makers. Traders said continued buying by local jewellers at the domestic spot market and a better trend overseas mainly kept gold prices higher. Here are key things to know about gold and silver prices today:1. In line with gold, silver ready jumped up by Rs 690 to Rs 40,600 per kg, while weekly-based delivery shed Rs 60 to Rs 39,200 per kg.

Gold Prices Continue To Come Down: Key Things To Know

as declared in Sovereign gold, however, held steady at Rs 24,800 per piece of eight grams in limited deals. Here are key things to know about gold and silver prices today:1. Spot gold fell 0.3 per cent at $1,250.90 an ounce in recent trade. US gold futures for August delivery were 0.3 per cent lower at $1,251.90 an ounce, reported news agency Reuters. In sync with gold, silver ready drifted lower by Rs 150 to Rs 40,500 per kg and weekly-based delivery by Rs 265 to Rs 39,610 per kg.

Gold Prices Surge After 4-Day Fall: 5 Things To Know

Gold Price: Sovereign gold, however, remained flat at Rs 24,800 per piece of eight grams. However, silver remained under selling pressure and slipped below the Rs 40,000-mark by plunging Rs 390 to Rs 39,910 per kg. Traders said sentiment bolstered after gold prices rose to a one-week high in global markets, rebounding from a seven-month low touched in the previous session, as a softer US dollar stoked demand for the yellow metal. Here are key things to know about gold and silver prices today:1. Silver coins, however, maintained a steady trend at Rs 75,000 for buying and Rs 76,000 for selling of 100 pieces.

Gold Prices Snap Three-Week Losing Streak as Trade War Intensifies

Fundamental Forecast for Gold: NeutralGold prices respond to key support zone- trade war, inflation outlook to offer supportWh at's driving gold prices? Review DailyFX's 2018 Gold ProjectionsJoin Michael for Live Weekly Strategy Webinars on Monday's at 12:30GMT to discuss this setup and more! Gold prices are poised to snap a three-week losing streak with the precious metal inching higher by nearly 0.2% to trade at 1255 ahead of the New York close on Friday. Trade War Fears to Offer Gold SupportHeading into next week, traders will be eyeing the release of the June Consumer Price Index (CPI) for yet another update on the broader inflationary conditions. As it pertains to gold, Friday's release does little to impact the broader outlook with the main focus for investors fixated on the looming trade war.