12th September, 2017

Daily Market Rates

India A.M. (12-09-17)

999 Gold - Rs. 30,055/-
995 Gold - Rs. 29,905/-
916 Gold - Rs. 27,530/-
750 Gold - Rs. 22,541/-
585 Gold - Rs. 17,582/-
999 Silver - Rs. 40,535/-

 

 

 

 



India P.M. (11-09-17)

999 Gold - Rs.30,220/-
995 Gold - Rs. 30,070/-
916 Gold - Rs. 27,682/-
750 Gold - Rs. 22,665/-
585 Gold - Rs. 17,679/-
999 Silver - Rs. 40,570/-

Tuesday, September 12

Australia is to release data on business confidence.
The UK is to publish its monthly inflation report.

Daily Gold Market Report

Gold begins bearish correction – Analysis - 12-09-2017
Gold price continued its negative trading to break 1330.30 level and settles below it, to start bearish correction for the rise measured from 1204.81 to 1357.53, approaching from testing 23.6% Fibonacci correction level at 1321.49. Therefore, the bearish bias will be suggested temporarily in the upcoming sessions, and breaking the mentioned level will push the price towards 1299.19 direct, taking into consideration that breaching 1348.00 will stop the correctional bearish pressure and lead the price to regain its main bullish track again. Expected trading range for today is between 1300.00 support and 1335.00 resistance. Expected trend for today: Bearish temporarily

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Gold eases as risk appetite grows, equities strengthen

Gold on Tuesday extended losses from the previous session, with equities strengthening and the dollar holding gains as investor appetite for risk showed signs of picking up.Spot gold had edged 0.1 per cent lower to $1,325.56 an ounce by 0052 GMT. In the previous session, it lost 1.4 per cent in its biggest one-day per centage decline since early July. US gold futures for December delivery were down 0.4 per cent at $1,330.00 an ounce.

Gold rate per gram: Check out current gold price per gram

Gold on Tuesday extended losses from the previous session, with equities strengthening and the dollar holding gains as investor appetite for risk showed signs of picking up. Gold prices were trading in red in morning trade on Tuesday on account of weak trend overseas and subdued demand from local jewellers. MCX Gold was down 0.31 per cent, or Rs 94, at Rs 29,839 per 10 gram around 10.35 am (IST), whereas MCX Silver was down 0.33 per cent, or Rs 134, at Rs 41,030 per 1 kg.

Gold surges to Rs. 31,000 on festive demand; silver down at Rs. 41,700

Gold prices ease as investors look to riskier assets

Forget gold, look at fixed income as an asset class to hedge your portfolio: Suresh Soni

Gold has to be viewed more as a “store of value” than a tool for wealth creation, and I personally would choose fixed income as a safe haven which continues to offer a very attractive real rate of interest, Suresh Soni, Chief Executive Officer of DHFL Pramerica Asset Managers Private Ltd, said in an exclusive interview to Moneycontrol.

Gold to the rescue over weak dollar, North Korea concerns

Gold has rallied 3.48 per cent over the past one month and is now trading above the Rs 30,000-mark in the Indian market. In the international market too, it has breached the $1,300 per ounce mark — a level it had been unable to cross for about 10 months. Given the low likelihood of the US Federal Reserve raising interest rates in the near future, the escalating tensions vis-a-vis North Korea, and the stretched valuations of equities, investors need to have an allocation to this safe-haven asset. The primary factor behind the current rally in the price ...

Gold prices slip back after run to 12-month high

Gold retreated from its highest level in a year on Monday, in the first tangible sign of a pullback from a stellar run driven by a weaker dollar and lower expectations of tighter policy by the Federal Reserve.

Fed’s is following a playbook written when gold fled the Nazis

The Federal Reserve is widely expected next week to announce a decision to start to shrink its $4.5 trillion balance sheet—whose tending in the wake of the Great Recession is often considered to be unprecedented policy.

Gold drops from a 1-year high to its lowest level in a week

Gold prices dropped Monday to settle at their lowest level in just over a week, after ending last Friday at their highest since early September. Investment demand for the precious metal dulled as tensions between the U.S. and North Korea and concerns surrounding Hurricane Irma eased back. Strength in the dollar and U.S. equities also pressured prices for the metal. December gold GCZ7, -0.42% fell $15.50, or 1.2%, to settle at $1,335.70 an ounce. That was the lowest finish since Sept. 1. The decline followed Friday's settlement at $1.351.20, which was the highest for a most-active contract since Sept. 6, according to FactSet data.

Gold, silver down in morning trade

Gold prices were trading in red in morning trade on Tuesday on account of weak trend overseas and subdued demand from local jewellers. MCX Gold was down 0.31 per cent, or Rs 94, at Rs 29,839 per 10 gram around 10.35 am (IST), whereas MCX Silver was down 0.33 per cent, or Rs 134, at Rs 41,030 per 1 kg.

Gold down by Rs 290 on global cues, silver tumbles below 41K

Gold prices fell by Rs 290 per ten grams at the bullion market here on Friday owing to weak trend overseas amid slackened demand from local jewellers. On the other hand, silver cracked below Rs 41,000-mark by falling Rs 670 per kg on Monday, on reduced off-take by industrial units. Standard gold (99.5 purity) declined by Rs 290 to close at Rs 30,070 per 10 grams from last Friday's closing level of Rs 30,360.

Gold, silver decline in morning session

Gold prices were trading in red during the morning trade on Tuesday on the account of weak trend overseas and subdued demand from local jewellers. MCX Gold was down 0.31%, or Rs 94, at Rs 29,839 per 10 gram around 1035 hours, whereas MCX Silver was down 0.33%, or Rs 134, at Rs 41,030 per 1 kg. The market participants expect that gold to trade sideways on Tuesday due to profit booking after the recent rally. While stronger dollar index and less damage by Hurricane IRMA are factors pushing down the gold prices.

Global gold prices ease as investors look to riskier assets

Gold prices hit their lowest in over a week on Tuesday, extending losses from the previous session as investor appetite for riskier assets such as equities began to pick up. Asian shares marked a 10-year peak early in the day and the dollar held gains, with investors breathing a sigh of relief as fears over North Korea eased slightly and the worst-case scenario from Hurricane Irma looked to have been avoided.

Gold: Risk From Diminished Rate Expectations

Gold, silver and platinum prices have been rebounding over the past six months for what appears to be one major reason: investors losing faith in the Federal Reserve (Fed) to continue raising interest rates in the current tightening cycle, as reflected in Fed Funds Futures. For example, in mid-March, Fed Funds Futures priced the Fed's target rate to be most likely in the 1.75% - 2.00% range in two years. But by the end of August, those expectations had cratered, and the market now anticipates the Fed target rate to be most likely below 1.5% in two years (Figure 1).


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