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Gold Fundamentals

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  • Gold prices rise to Rs 48,217/10 gm on rupee downtick, US inflation data eyed; Silver cheaper by Rs 224 November 10, 2021 06:18 PM IST

    Gold prices rise to Rs 48,217/10 gm on rupee downtick, US inflation data eyed; Silver cheaper by Rs 224

    The broader range on COMEX could be between $1800-1840 and on the domestic front, prices could hover in the range of Rs 48,000- 48,500, said Damani.

  • Muhurat Trading 2021| Gold price up Rs 571 to close at Rs 47,571/10 gm as BOE holds rates; silvers rises nearly 3% November 04, 2021 08:38 PM IST

    Muhurat Trading 2021| Gold price up Rs 571 to close at Rs 47,571/10 gm as BOE holds rates; silvers rises nearly 3%

    The bullion metal has been trading lower than its 5, 20, 50, 100, and 200 days’ simple moving averages and exponential moving averages on the daily chart.

  • Gold prices dip to Rs 47,538 per 10 gm on firm rupee; silver slips by Rs 1,033 November 03, 2021 06:22 PM IST

    Gold prices dip to Rs 47,538 per 10 gm on firm rupee; silver slips by Rs 1,033

    The gold-silver ratio stands at 75.24 to 1, which means 75.24 ounces of silver are required to buy an ounce of gold.

  • Dhanteras 2021: India to see Rs 20,000 cr gold sales on firm demand; Experts see prices around Rs 52,000-53,000 by next Diwali November 02, 2021 07:53 PM IST

    Dhanteras 2021: India to see Rs 20,000 cr gold sales on firm demand; Experts see prices around Rs 52,000-53,000 by next Diwali

    Gold has always been integral to festivals and celebrations in India, particularly so during Dhanteras and Diwali. We expect this Dhanteras and Diwali to be one of the best in recent years even when benchmarked to pre-covid seasons, said WGC India CEO Somasundaram PR.

  • Gold prices slightly dip to Rs 47,975/10 gm on stronger rupee; Silver eases Rs 236 a kg October 29, 2021 06:36 PM IST

    Gold prices slightly dip to Rs 47,975/10 gm on stronger rupee; Silver eases Rs 236 a kg

    Patel expects gold prices to trade sideways to down with COMEX spot gold resistance at $1,810 and support at $1,785 per ounce. MCX Gold December support lies at Rs 47,700 and resistance at Rs 48,200 per 10 gram.

  • Gold prices regain Rs 48,000/10 gm mark on safe-haven billing; silver up Rs 170 a kg October 28, 2021 06:26 PM IST

    Gold prices regain Rs 48,000/10 gm mark on safe-haven billing; silver up Rs 170 a kg

    The gold-silver ratio stands at 74.24 to 1, which means 74.24 ounces of silver is required to buy an ounce of gold.

  • Gold price dips to Rs 47,903 on profit-booking, silver declines Rs 879 October 27, 2021 06:56 PM IST

    Gold price dips to Rs 47,903 on profit-booking, silver declines Rs 879

    The gold-silver ratio stands at 74.18 to 1, which means 74.18 ounces of silver is required to buy an ounce of gold

  • Gold prices flat at Rs 48,171/10 gm on firm rupee, weak global cues; silver slips Rs 200 a kg October 26, 2021 07:19 PM IST

    Gold prices flat at Rs 48,171/10 gm on firm rupee, weak global cues; silver slips Rs 200 a kg

    HDFC Securities' Tapan Patel expects gold prices to trade sideways to down with COMEX spot gold resistance at $1810 and support at $1785 per ounce. MCX Gold December support lies at Rs. 47900 and resistance at Rs.48400 per 10 gram.

  • Gold prices back above Rs 48,000 on safe-haven billing, rupee slips; silver up Rs 359 October 25, 2021 06:36 PM IST

    Gold prices back above Rs 48,000 on safe-haven billing, rupee slips; silver up Rs 359

    The gold-silver ratio stands at 73.32 to 1, which means 73.32 ounces of silver is required to buy an ounce of gold

  • Gold prices marginally dip to Rs 47,469/10 gm on global cues; silver touches Rs 65,000 a kg October 21, 2021 06:10 PM IST

    Gold prices marginally dip to Rs 47,469/10 gm on global cues; silver touches Rs 65,000 a kg

    Patel expects gold prices to trade sideways to up with COMEX spot gold resistance at $1800 and support at $1770 per ounce. MCX Gold December support lies at Rs. 47200 and resistance at Rs.47800 per 10 gram.

  • Gold prices jump above Rs 47,500/10 gm on firm global trend, festive demand; Silver costlier by Rs 1,386 a kg October 20, 2021 06:33 PM IST

    Gold prices jump above Rs 47,500/10 gm on firm global trend, festive demand; Silver costlier by Rs 1,386 a kg

    The broader range on COMEX could be between $1,755-1,790 and on the domestic front, prices could hover in the range of Rs 47,050- 47,650, said Navneet Damani, VP – Commodities Research at Motilal Oswal Financial Services..

  • Gold prices climb above Rs 47,500/10 gm on positive global trend, weaker dollar October 19, 2021 07:21 PM IST

    Gold prices climb above Rs 47,500/10 gm on positive global trend, weaker dollar

    The spot gold-silver ratio currently stands at 74.20 to 1, which means 74.20 ounces of silver is required to buy an ounce of gold.

  • Gold prices slip to Rs 47,384/10 gm as US bond yields rise; silver down Rs 180 a kg October 18, 2021 06:38 PM IST

    Gold prices slip to Rs 47,384/10 gm as US bond yields rise; silver down Rs 180 a kg

    The broader range on COMEX could be between $1735- 1780 and on the domestic front, prices could hover in the range of Rs 47,020- 47,535, said Damani.

  • Gold prices rise above Rs 48,000 per 10 gm ahead of Dussehra; silver soars Rs 1,154 a kg October 14, 2021 06:45 PM IST

    Gold prices rise above Rs 48,000 per 10 gm ahead of Dussehra; silver soars Rs 1,154 a kg

    Gold prices are expected to trade sideways to up with COMEX spot gold resistance at $1,810 and support at $1,780 per ounce.

  • Gold prices rise to Rs 47,335/10 gm on rupee slide; silver up by Rs 148 October 12, 2021 06:40 PM IST

    Gold prices rise to Rs 47,335/10 gm on rupee slide; silver up by Rs 148

    The bullion metal remained steady on major platforms as surging inflation and risk aversion sentiments improved appeal for the yellow metal.

  • Gold prices soar to Rs 47,102/10 gm on weaker rupee, silver climbs Rs 410 a kg October 11, 2021 06:05 PM IST

    Gold prices soar to Rs 47,102/10 gm on weaker rupee, silver climbs Rs 410 a kg

    Tapan Patel- Senior Analyst (Commodities) at HDFC Securities expects gold prices to trade sideways to higher with COMEX spot gold resistance at $1770 and support at $1740 per ounce.

  • Gold prices touch Rs 46,918 per 10 gm as dollar slips; silver rises by Rs 801 October 07, 2021 06:39 PM IST

    Gold prices touch Rs 46,918 per 10 gm as dollar slips; silver rises by Rs 801

    Gold is expected to trade sideways to up with COMEX spot gold resistance at $1775 and support at $1750 per ounce.

  • Gold prices rise to Rs 46,845/10 gm on rupee depreciation; silver slips by Rs 321 October 06, 2021 06:56 PM IST

    Gold prices rise to Rs 46,845/10 gm on rupee depreciation; silver slips by Rs 321

    The broader range on COMEX could be $1735-1775, and on the domestic front, prices could hover in the range of Rs 46,520- 46,960.

  • Gold prices rise by Rs 288 to Rs 46,682/10 gm on strong demand; Silver up Rs 908 a kg October 05, 2021 07:06 PM IST

    Gold prices rise by Rs 288 to Rs 46,682/10 gm on strong demand; Silver up Rs 908 a kg

    Tapan Patel- Senior Analyst (Commodities), HDFC Securities expects gold prices to trade sideways to down with COMEX spot gold resistance at $1,770 and support at $1,740 per ounce.

  • Gold prices slightly dip to Rs 46,394/10 gm on global cues, ETF outflow; silver up Rs 416 a kg October 04, 2021 06:24 PM IST

    Gold prices slightly dip to Rs 46,394/10 gm on global cues, ETF outflow; silver up Rs 416 a kg

    The broader range on COMEX could be between $1730- 1772 and on the domestic front, prices could hover in the range of Rs 46,180- 46,820, said Damani.

  • Gold prices rise by Rs 583 to Rs 46,434/10 gram, silver spikes by Rs 1,463 a kg October 01, 2021 06:04 PM IST

    Gold prices rise by Rs 583 to Rs 46,434/10 gram, silver spikes by Rs 1,463 a kg

    Patel expects gold prices to trade sideways to higher with COMEX spot gold resistance at $1770 and support at $1740 per ounce.

  • Gold prices decline 3.43% in September to Rs 45,851/10 gm; silver crashes Rs 1,734 a kg September 30, 2021 06:20 PM IST

    Gold prices decline 3.43% in September to Rs 45,851/10 gm; silver crashes Rs 1,734 a kg

    The broader range on COMEX could be between $1700- 1750 and on the domestic front, prices could hover in the range of Rs 45,700-46,235, said Damani.

  • Gold snaps 5-day losing streak, up Rs 281 on positive global cues, weaker rupee; silver nears Rs 60,000/kg September 29, 2021 06:19 PM IST

    Gold snaps 5-day losing streak, up Rs 281 on positive global cues, weaker rupee; silver nears Rs 60,000/kg

    The broader range on COMEX could be between $1,725-1,760 and on the domestic front, prices could hover in the range of Rs 45,750-46,370, said Damani.

  • Gold prices dip to Rs 46,170/10 gm on muted global cues, firm dollar; silver down Rs 69 a kg September 27, 2021 06:46 PM IST

    Gold prices dip to Rs 46,170/10 gm on muted global cues, firm dollar; silver down Rs 69 a kg

    MCX Gold October support lies at Rs 45,800 and resistance at Rs 46,300 per 10 gram, said Patel.

  • Commodity outlook: Gold may slide to Rs 45,000- Rs 44,500/10 gm in coming week September 26, 2021 03:53 PM IST

    Commodity outlook: Gold may slide to Rs 45,000- Rs 44,500/10 gm in coming week

    The momentum indicator Relative Strength Index (RSI) is at 38.44, which suggests bearishness in the prices.