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Gold rate today: Gold's August contracts on the MCX opened at Rs 96,600 per 10 gram on June 10.
Gold rate today: Yellow metal's August contracts on the Multi Commodity Exchange of India (MCX) opened at Rs 98,248 per 10 gram today.
Gold rate today: Yellow metal's August contracts on the Multi Commodity Exchange of India (MCX) opened at Rs 98,456 per 10 gram today.
The rising tariff jitters and geopolitical tensions have hiked investors' concerns about markets. Gold, which offers a safe haven opportunity to investors as it mostly dodges the market fluctuations, seemingly benefitted from the concerns.
Gold rate today: Gold's August contracts on the Multi Commodity Exchange of India (MCX) opened at Rs 96,131 per 10 gram today.
Commodity markets now turn to the upcoming US labour report for policy signals, following early signs of a rebound in Q2 with modest gains in consumer spending and subdued April inflation. The ECB policy meeting, where a 25 bps rate cut is widely expected, and final PMI data will also be watched.
Gold rate today: Yellow metal's June contracts on MCX opened at Rs 95,287 per 10 gram today.
Gold rate today: Gold's June contracts on the Multi Commodity Exchange of India (MCX) opened at Rs 96,001 per 10 gram on May 26.
Gold price may continue its positive trend in the coming week, but may encounter initial resistance at Rs 97,600, which bulls may break and sustain above, allowing prices to approach all-time highs. On the other side, initial support is at Rs 94,000, followed by Rs 92,800.
According to Geojit Financial Services, The sowing of summer crops in Maharashtra reached 510,539 hectares as of Monday, up 20% on year from 424,345 hectares sown in the same period last year, according to a report released by the state agriculture department.
Gold rate today: Gold's June contracts on the Multi Commodity Exchange of India (MCX) opened at Rs 95,344 per 10 gram today.
According to Geojit Financial Services, The sowing of summer crops across India progressed to 8.07 million hectares as of Friday, up nearly 12% from 7.21 million hectares a year ago, according to data released by the agriculture ministry Monday.
Gold's June contracts on the Multi Commodity Exchange of India (MCX) opened at Rs 93,001 per 10 gram today.
According to Geojit Financial Services, Sowing of summer crops in Maharashtra rose more than 21% to 510,538 hectares as of Tuesday from 421,706 hectares a year ago, according to a report released by the state agriculture department.
According to Geojit Financial Services, Sowing of summer crops in Maharashtra rose more than 21% to 510,538 hectares as of Tuesday from 421,706 hectares a year ago, according to a report released by the state agriculture department.
Next week, commodity markets will closely monitor key Chinese economic data and flash PMI releases. Speeches from several US Federal Reserve and UK MPC officials will also be watched for policy signals.
'A US-China tariff truce and stable India-Pakistan relations weighed on gold prices,' says Way2Wealth Brokers.
According to Geojit Financial Services, Sowing of summer crops in Maharashtra rose more than 21% to 510,538 hectares as of Tuesday from 421,706 hectares a year ago, according to a report released by the state agriculture department.
According to Geojit Financial Services, The area under summer crops across India was at 7.88 million hectares as of Friday, up nearly 10% from 7.19 million hectares a year ago, according to data released by the agriculture ministry on Wednesday.
According to Geojit Financial Services, Sowing of rabi crops in Telangana reached 7.99 million acres (1 acre = 0.4 hectares) as of Wednesday, up 18% from 6.77 million acres a year ago, according to a report released by the state agriculture department.
According to Geojit Financial Services, Sowing of rabi crops in Telangana reached 7.99 million acres (1 acre = 0.4 hectares) as of Wednesday, up 18% from 6.77 million acres a year ago, according to a report released by the state agriculture department.
On the data front, US consumer inflation and retail sales data will be key to watch. The Fed has recently warned of stagflation risks, so hotter-than-expected inflation coupled with weaker retail sales could further reduce the likelihood of near-term rate cuts.
According to Geojit Financial Services, Sowing of rabi crops in Telangana reached 7.99 million acres (1 acre = 0.4 hectares) as of Wednesday, up 18% from 6.77 million acres a year ago, according to a report released by the state agriculture department.
According to Geojit Financial Services, Sowing of rabi crops in Telangana reached nearly 8.0 million acres (1 acre = 0.4 hectares) as of Wednesday, up 18% from 6.8 million acres a year ago, according to a report released by the state agriculture department.
According to Geojit Financial Services, Sowing of rabi crops in Telangana reached nearly 8.0 million acres (1 acre = 0.4 hectares) as of Wednesday, up 18% from 6.8 million acres a year ago, according to a report released by the state agriculture department.
