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Gold & silver Updates for 24 April 2017

Gold & silver Updates for 24 April 2017

Gold trading range for the day is 29139-29587.Gold prices rose as investors awaited the first-round of voting in the presidential French election at the weekend and possible announcements about tax changes in US. There was potential for safe-haven buying of gold after France said security forces were fully mobilized for the weekend vote.SPDR gold trust holdings gained by 0.52% i.e. 4.44 tonnes to 858.69 tonnes from 854.25 tonnes. C Silver trading range for the day is 40913-41663.Silver dropped as investors kept an eye on the upcoming French presidential vote that is seen as too close to call. Bullish expectations concerning Trumps tax reform plan, which is viewed as a pro-growth policy, had fuelled the recent post-election Trump rally.Holdings at ishares silver trust dropped by 0.29% i.e. 29.45 tonnes to 10119.87 tonnes from 10149.32...
Gold And Silver Updates For 18 April 2017

Gold And Silver Updates For 18 April 2017

Gold futures closed higher in the domestic market on Monday as the dollar weakened on the back of tensions between the U.S. and North Korea, helping the precious metal hold ground at its highest level in more than five months. As some global markets, including the U.S., returned from the Easter holiday weekend and others remained closed Monday, metals markets responded to the geopolitical events. At the MCX, gold futures for June 2017 contract ended at Rs 29445 per 10 grams, up by 0.12 per cent, after opening at Rs 29,450 against a previous close of Rs 29,409. It touched the intra-day high of Rs 29,483. Silver futures closed lower in the domestic market on Monday as participants engaged in trimming their positions taking weak cues from global market. Marketmen attributed the fall in silver prices at futures trade to a weak trend in the precious metals overseas and profit-booking by participants at existing levels. At the MCX, silver futures for May 2017 contract closed at Rs 42,513 per kg, down by 0.14 per cent, after opening at Rs 42,750, against a previous close of Rs 42,571. It touched the intra-day low of Rs...
Gold & Silver Updates for February -13,2017

Gold & Silver Updates for February -13,2017

Gold futures closed higher in the domestic market on Friday as speculators raised their bets amid a firming trend overseas.Analysts said a firming trend in the global markets, mainly influenced gold prices at futures trade. At the MCX, gold futures for April 2017 contract ended at Rs 29187 per 10 grams, down by 0.34 per cent, after opening at Rs 29,016 against a previous close of Rs 29,089. It touched the intra-day high of Rs 29,204. Silver futures closed higher in the domestic market on Friday as participants raised their bets amid firming global trends. Analysts attributed the rise in silver prices at futures trade to a firming trend in the precious metals overseas. At the MCX, silver futures for March 2017 contract closed at Rs 42,619 per kg, up by 1.40 per cent, after opening at Rs 42,145, against a previous close of Rs 42,031. It touched the intra-day high of Rs 42,736....
Gold Silver Updates for 24 Oct 2016, Must Check!

Gold Silver Updates for 24 Oct 2016, Must Check!

Gold futures ended higher in the domestic market on Friday as uncertainty surrounding the outcome of the U.S. election & the timing of Federal Reserve’s next interest-rate hike helped to lift investment interest in the yellow metal despite some strength in the U.S. dollar. Currently, Fed futures trading indicate that a solid chance for a Dec move remains priced in to trading. Precious metals, which don’t offer a yield, can see desired diminish compared with investments that bear a yield in a rising-rate climate. At the MCX, gold futures for December 2016 contract ended at Rs 29963/10 grams, upward by 0.18 %, after opening at Rs 29,850, against a last close of Rs 29,910. It touched the intra-day max of Rs 29,975. Silver futures ended higher in the domestic market on Friday after participants increased their bets amid firming global trends. Analysts attributed the rise in silver prices at futures trade to a firming trend in the precious metals overseas. At the MCX, silver futures for December 2016 contract ended at Rs 41,998/kg, upward by 0.001 %, after opening at Rs 41,839, against a last close of Rs 41,996. It touched the intra-day max of Rs...
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