collected by :kiven Dixter
Here are key things to know about gold and silver prices today:1. In Delhi, gold of 99.9 per cent and 99.5 per cent purity declined by Rs 100 each to Rs 31,050 and Rs 30,900 per 10 grams, respectively. Sovereign, however, remained unaltered at Rs 24,700 per piece of eight grams. In sync with gold, silver ready drifted lower by Rs 130 to Rs 39,820 per kg and weekly-based delivery by Rs 185 to Rs 38,980 per kg. Silver coins, however, remained steady at Rs 74,000 for buying and Rs 75,000 for selling of 100 pieces.
Here are key things to know about gold and silver prices today:1. In Delhi, gold of 99.9 per cent and 99.5 per cent purity declined by Rs 100 each to Rs 31,050 and Rs 30,900 per 10 grams, respectively. Sovereign, however, remained unaltered at Rs 24,700 per piece of eight grams. In sync with gold, silver ready drifted lower by Rs 130 to Rs 39,820 per kg and weekly-based delivery by Rs 185 to Rs 38,980 per kg. Silver coins, however, remained steady at Rs 74,000 for buying and Rs 75,000 for selling of 100 pieces.
Gold Prices Hold Support for Second Week: Are Bears Finished?
Fundamental Forecast for Gold: NeutralTalking Points:Fundamental Forecast for Gold: NeutralWant to see how other traders are approaching Gold prices? Gold Prices Spend Second Week at Support Ahead of Heavy Headline RiskThe past three months have seen aggressively bearish price action take over Gold prices. After a bounce from this area to close last week, prices have continued to test this level through this week's price action but – to date, bears haven't yet been able to make much ground. The Greenback's Q2 up-trend was a key driver of the sell-off in Gold prices, and as Dollar strength has remained at bay this week, so has continued selling in Gold. As such, our fundamental forecast for Gold prices next week will remain at neutral.Gold Prices Break Two-Day Rising Spree: 5 Points
referring to Sovereign gold, however, remained flat at Rs 24,700 per piece of eight grams. Here are five things to know about gold and silver prices today:1. Globally, gold prices edged higher on Friday as the dollar slipped against major peers ahead of US economic growth data that could shed light on the pace of rate hikes in the world's top economy, reported news agency Reuters. In step with gold, silver ready fell by Rs 230 to Rs 39,200 per kg and weekly-based delivery by Rs 340 to Rs 38,195 per kg. Silver coins, however, remained unaltered at Rs 74,000 for buying and Rs 75,000 for selling of 100 pieces.Crude Oil, Gold Prices May Retreat as Dovish ECB Boosts US Dollar
CRUDE OIL & GOLD TALKING POINTS:Crude oil prices shot higher as EIA inventory data showed stockpiles shed 6.15 million barrels last week, an outflow nearly three times larger than the projected 2.23 barrel draw. Gold prices swung higher as the US Dollar weakened, boosting the appeal of the standby anti-fiat alternative. See our guide to learn about the long-term forces driving crude oil prices! GOLD TECHNICAL ANALYSISGold prices continue to oscillate above support at 1217.29, the 38.2% Fibonacci expansion. CRUDE OIL TECHNICAL ANALYSISCrude oil prices remain locked in a narrow range above trend support set from early February.
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