11th September, 2017

Daily Market Rates

India A.M. (11-09-17)

999 Gold - Rs. 30,180/-
995 Gold - Rs. 30,030/-
916 Gold - Rs. 27,645/-
750 Gold - Rs. 22,635/-
585 Gold - Rs. 17,655/-
999 Silver - Rs. 40,490/-





India P.M. (08-09-17)

999 Gold - Rs.30,510/-
995 Gold - Rs. 30,360/-
916 Gold - Rs. 27,497/-
750 Gold - Rs. 22,883/-
585 Gold - Rs. 17,848/-
999 Silver - Rs. 41,240/-

Monday, September 11

Japan is to release data on core machinery orders.
Canada is to report on housing starts.

Daily Gold Market Report

Gold pushes on the channel's support – Analysis - 11-09-2017
Gold price opened today's trading with bearish gap that pushed the price to break the intraday bullish channel's support as appears on chart, but we notice that the EMA50 forms good support to protect the price from suffering more losses, waiting to cover the mentioned gap and return to the bullish channel again. Therefore, we believe that the chances are valid to trade positively in the upcoming sessions supported by stochastic positivity that appears on the four hours' time frame, waiting to breach 1342.50 to ease the mission of heading towards 1355.50 that represents our next main target, noting that breaking 1330.30 will put the price under more negative pressure and stop the expected rise for today. Expected trading range for today is between 1330.00 support and 1355.50 resistance. Expected trend for today: Bullish

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Gold / Silver / Copper futures - weekly outlook: September 11 - 15

Investing.com - Gold prices rose to the highest level in a year on Friday as the dollar remained under pressure amid doubts over prospects for a third Federal Reserve rate hike this year. Gold futures for December delivery ended up 0.15% at $1,352.28 on the Comex division of the New York Mercantile Exchange, after earlier touching a high of $1,362.4.

Gold prices at 11-month high: Which gave maximum return - physical gold, bonds or ETFs?

When Kim Jong-Un, the Supreme Leader of North Korea, pressed the button that detonated a hydrogen bomb last fortnight, gold traders around the world must have rejoiced. Gold usually does well during geopolitical turmoil and the current crisis over Korea’s nuclear capability has boosted the prospects of the yellow metal. International gold prices breached the psychological barrier of $1,300 and touched a new 11-month high of $1,335 last week.

Gold retreats from 1-year high as dollar gains ground

Gold Price Chart: Find all the latest gold rate chart and news

Gold futures drop to Rs. 30,210

NEW DELHI, SEPT 11: Gold futures fell 0.74 per cent to Rs. 30,210 per 10 grams today largely in sync with a weak trend overseas where the precious metal retreated from over one-year high as the dollar gained ground. Besides, profit-booking by participants weighed on gold prices.

Yen, gold weaken after quiet weekend from North Korea

Havens including Japan’s yen and gold were softer and the dollar was gaining on Monday morning in Asia after the weekend passed without another missile or nuclear weapons test by North Korea. The yen was 0.4 per cent weaker in morning trade at ¥108.28, having strengthened below the ¥108 level for much of Friday.

Gold prices down in Asia as hurricane, NKorea risk concerns ease

Investing.com - Gold prices fell in Asia on Monday with risk assets taking a breather as Hurricane Irma is downgraded in intensity and an possible ICBM test by North Korea at the weekend failed to materialize. Gold futures for December delivery slid 0.73% to $1,341.33 a troy ounce on the he Comex division of the New York Mercantile Exchange.

2.4kg gold seized at Hyderabad airport

HYDERABAD: Ace Unit (AIU) sleuths of the customs department apprehended a passenger at Rajiv Gandhi International (RGI) airport on Saturday from Dubai and seized 2.4 kilo gold from his possession.Acting on a specific alert, the AIU sleuths intercepted a man who arrived from Dubai via Mumbai by a Spice Jet flight on Saturday and seized 2.4 kilo gold concealed in his clothes and baggage. The value of the seized gold could be about `70 lakh.

Gold, silver slip on profit booking

Profit booking in precious metals dragged gold prices down from its 1-year high levels in early trade on Monday. MCX Gold was down 0.72 per cent, or Rs 218, at Rs 30,050 per 10 gram around 10.45 am (IST). MCX Silver was trading 0.97 per cent down at Rs 41,168 per 1 kg.

Silver tumbles Rs 435 on profit-booking, global cues

Silver prices took a dip of Rs 435 to Rs 41,713 per kg in futures trade today as speculators cut down their holdings to book profits amid a weak trend in global markets. In futures trading, silver for delivery in far-month March next year was trading sharply lower by Rs 435, or 1.03 per cent, at Rs 41,713 per kg, in a business turnover of one lot at the Multi Commodity Exchange.

Silver Market Update

On its long-term 10-year chart silver superficially looks like it may still be in a bearmarket, but on more careful inspection we can see that a large Head-and-Shoulders bottom pattern is completing, which is tilted compared to the similar pattern that is completing in gold, because silver tends to underperform gold at the end of bearmarkets and the beginning of bullmarkets.

Bangladesh jewellers raise gold prices by 9.27% in six weeks

The prices of the yellow metal went up by up to Tk 4,257 or 9.27 percent per bhori or 11.664 grams in this period, including the latest hike announced by Bangladesh Jewellers Samity or Bajus on Sunday. From Monday, finest refined quality or 22-carat gold will cost Tk 50,155 per bhori, with a rise of Tk 1,516 from last hiked price of Aug 13.

Gold futures drop to Rs. 30,210

NEW DELHI, SEPT 11: Gold futures fell 0.74 per cent to Rs. 30,210 per 10 grams today largely in sync with a weak trend overseas where the precious metal retreated from over one-year high as the dollar gained ground. Besides, profit-booking by participants weighed on gold prices. At the Multi Commodity Exchange, gold for delivery in December was trading down by Rs. 224 or 0.74 per cent at Rs. 30,210 per 10 grams in a business turnover of 13 lots. Similarly, gold to be delivered in October dropped by Rs. 219 to Rs. 30,049 per 10 grams in a business turnover of 355 lots.

Canadian gold company suspends investments in Greek mines

ATHENS, Greece (AP) - Canadian mining company Eldorado Gold, one of Greece's largest foreign investors, said Monday it planned to suspend investment at its mines in Greece following what it said are government delays in the issuing of permits and licenses. Eldorado, which runs Greek subsidiary Hellas Gold, operates mines in northern Greece that have faced vehement opposition from parts of local communities on environmental grounds, with protests often turning violent.

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