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Gold prices edged higher on Wednesday, tracking gains in global markets amid renewed optimism that the US Federal Reserve may cut interest rates next month. On the Multi Commodity Exchange (MCX), December gold futures climbed by Rs 328, or 0.26 per cent, to Rs 1,24,241 per 10 grams, with a business turnover of 12,868 lots.The…
Support for the yellow metal could persist in the range of $ 4110 – 4075 per oz in near term. (AI image) Gold price prediction today:Gold prices are expected to face upside resistance, and buying on dips may be a favourable strategy, says Maneesh Sharma, AVP – Commodities & Currencies, Anand Rathi Shares and Stock…
Net inflows into mutual fund equity schemes slipped nearly 19% month-on-month to Rs 24,690 crore in October, marking the third consecutive monthly decline even as retail SIP investments and gold ETFs remained resilient, data from the Association of Mutual Funds in India (Amfi) showed on Tuesday.Amfi attributed the decline in equity inflows largely to profit-booking…
In the very short-term, gold is expected to test the strong resistance around $4160. (AI image) Gold price prediction: Gold prices are rallying again on the hopes of US Federal Reserve rate cut expectations, and China’s gold buying. However, Praveen Singh, Senior Fundamental Research Analyst- Currencies and Commodities at Mirae Asset Sharekhan recommends buying the…
Gold continued its upward momentum on Monday, jumping by Rs 2,033 to settle at Rs 1,23,100 per 10 grams in domestic futures trade. The precious metal has now advanced for four straight sessions, buoyed by strong global sentiment and a weakening US dollar.Data from the Multi Commodity Exchange (MCX) showed that the December gold futures…
In global markets, spot gold increased by 0.7% to $4,027.88 per ounce at 0115 GMT. The US gold futures for December delivery registered a 0.7% increase to $4,036.60 per ounce. (AI image) Gold rate today: Gold prices are rallying again with MCX December futures surging by Rs 1,223, a rise of 1% to hit Rs…
Comments from US and China trade talks will also be a key driver this week. (AI image) Gold price prediction: Gold prices are likely to be influenced by global economic developments this week, says Manav Modi, Senior Analyst, Commodity Research at Motilal Oswal Financial Services Ltd. Here is his outlook for gold prices in the…
BHOPAL: Two Indian Navy kayakers, including an Asia Cup gold medallist, were killed after a speeding truck rammed into their motorcycle and dragged it for nearly 20 metres in Bhopal early Sunday, reports Ramendra Singh. The deceased – chief petty officer Vishnu Raghunathan, 27, and petty officer Ananth Krishnan, 18, both from Kerala – were…
Gold is one of the most prized metals across cultures. And of late, with gold prices touching skies, it is becoming a status symbol. It has symbolic as well as astrological meanings, especially in Vedic astrology. Let’s have a look at seven commonly described astrological benefits of wearing gold. But remember, these beliefs are based…
Gold prices are likely to remain in a corrective phase in the coming week as investors await key macroeconomic data from the US and China, along with fresh cues from Federal Reserve officials and a US Supreme Court hearing on trade tariffs, analysts said.“Gold prices are expected to see some consolidation or more correction as…
