Price of silver coins held flat at ₹80,000 for buying and ₹81,000 for selling of 100 pieces.
Gold prices today declined by ₹100 to close at₹34,270 per 10 gram in the bullion market. The fall in prices is attributed mainly due toeasing demand from jewellers despite a positive overseas trend.
Silver closed at ₹39,090 per kg, a rise of by ₹90 due to an increased offtake by industrial units and coin makers.
“Spot gold prices are hovering near six-year highs on growing tensions in the Middle East and dovish comments from the major central banks that boosted the yellow metal’s safe haven appeal,” said Hareesh V, Head-Commodity Research, Geojit Financial Services.”A weak dollar, which plummeted to a three-month low on expectations of an imminent interest rate cut by the US Federal Reserve, also assisted the sentiments,” he said to news agency PTI .
Gold prices today declined by ₹100 to close at₹34,270 per 10 gram in the bullion market. The fall in prices is attributed mainly due toeasing demand from jewellers despite a positive overseas trend.
Silver closed at ₹39,090 per kg, a rise of by ₹90 due to an increased offtake by industrial units and coin makers.
“Spot gold prices are hovering near six-year highs on growing tensions in the Middle East and dovish comments from the major central banks that boosted the yellow metal’s safe haven appeal,” said Hareesh V, Head-Commodity Research, Geojit Financial Services.”A weak dollar, which plummeted to a three-month low on expectations of an imminent interest rate cut by the US Federal Reserve, also assisted the sentiments,” he said to news agency PTI .
In the national capital, gold of 99.9% and 99.5% purity fell by₹100 each to ₹34,270 and ₹34,100 per 10 gram, respectively.
Gold prices today declined by ₹100 to close at₹34,270 per 10 gram in the bullion market. The fall in prices is attributed mainly due toeasing demand from jewellers despite a positive overseas trend.
Silver closed at ₹39,090 per kg, a rise of by ₹90 due to an increased offtake by industrial units and coin makers.
“Spot gold prices are hovering near six-year highs on growing tensions in the Middle East and dovish comments from the major central banks that boosted the yellow metal’s safe haven appeal,” said Hareesh V, Head-Commodity Research, Geojit Financial Services.”A weak dollar, which plummeted to a three-month low on expectations of an imminent interest rate cut by the US Federal Reserve, also assisted the sentiments,” he said to news agency PTI .
In the national capital, gold of 99.9% and 99.5% purity fell by₹100 each to ₹34,270 and ₹34,100 per 10 gram, respectively.
Sovereign gold, however, held steady at ₹26,800 per eight gram. On Saturday, gold had risen by ₹70 to ₹34,370 per 10 gram.
Price of silver coins held flat at ₹80,000 for buying and ₹81,000 for selling of 100 pieces.
Meanwhile in the international bullion market gold prices have risen nearly 8% so far this month, and more than $70 just over the past week.
Hedge funds and money managers boosted their bullish stance in COMEX gold in the week to June 18 and speculators switched to a net long in silver futures and options, the U.S. Commodity Futures Trading Commission said on Friday.
Gold holding above the psychologically important $1,400 level is a positive signal for consolidation after last week’s rally, said Carlo Alberto De Casa, chief analyst at ActivTrades.
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