Gold prices recover on positive global cues, jewellers’ buying

collected by :kiven Dixter

Globally, gold rose by 0.07% to $1,223.20 an ounce and silver by 0.75% to $ 15.47 an ounce in New York in yesterday's trade. Globally, gold rose by 0.07% to $1,223.20 an ounce and silver by 0.75% to $ 15.47 an ounce in New York in yesterday's trade. In addition, pick-up in buying by local jewellers at domestic spot market also supported the upmove, they said. It had lost ₹190 in yesterday's trade. Tracking gold, silver ready also recovered by ₹25 to ₹39,225 per kg and weekly-based delivery by ₹130 to ₹38,325 per kg.

Gold prices steady today, silver rates jump

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 down 0.9%; copper settles at a nearly 1-year low

As it stated in Market PulseGold prices down 0.9%; copper settles at a nearly 1-year lowGold futures fell Wednesday, settling at their lowest in more than a week, as rising trade tensions between the U.S. and China contributed to a drop in copper prices to their lowest finish in nearly a year. August gold gcq8+0.01% fell $11, or 0.9%, to settle at $1,244.40 an ounce, the lowest for a most-active contract since July 2. September copper hgu8-0.2% settled at about $2.744 a pound, down 9.6 cents, or 3.4%, to mark the lowest finish since late July 2017. See original version of this story

Gold Rate Today: Gold prices ease on strong dollar ahead of central bank meetings

The brokerage house has 'sell' on gold with a target price of Rs 29,420 and stop loss at around Rs 30,020. The dollar advanced marginally in Asia against major currencies on Monday, as market participants awaited central bank meetings this week, which could set the near-term course for currencies. The brokerage house has 'sell' on gold with a target price of Rs 29,420 and stop loss at around Rs 30,020. One can enter gold at around 29,800.The dollar advanced marginally in Asia against major currencies on Monday, as market participants awaited central bank meetings this week, which could set the near-term course for currencies. Holdings of the largest silver backed exchange-traded-fund (ETF), New York's iShares Silver Trust SLV, stood at 10,246.51 tonnes, remain unchanged from previous business day.

Gold prices end lower, but notch a modest gain for the week

Market PulseGold prices end lower, but notch a modest gain for the weekGold futures settled lower Friday, but managed to hold onto a slight gain for the week, as a mostly upbeat U.S. jobs report was seen as keeping the Federal Reserve on a path toward gradually higher interest rates. August gold gcq8+0.02% fell $3, or 0.2%, to settle at $1,255.80 an ounce. It rose roughly 0.1% for the week. See original version of this story