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Daily Market Rates
India A.M. (8-11-17)
999 Gold - Rs. 29,515/-
995 Gold - Rs. 29,365/-
916 Gold - Rs. 27,036/-
750 Gold - Rs. 22,136/-
585 Gold - Rs. 17,266/-
999 Silver - Rs. 39,440/- |
India P.M. (7-11-17)
999 Gold - Rs. 29,480/-
995 Gold - Rs. 29,330/-
916 Gold - Rs. 27,004/-
750 Gold - Rs. 21,110/-
585 Gold - Rs. 17,246/-
999 Silver - Rs. 39,540/- | | |
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Wednesday, November 8
China is to release monthly trade data.
Canada is to report on building permits.
The Reserve Bank of New Zealand is to announce its benchmark interest rate and publish its monetary policy statement. The announcement is to be followed by a press conference. | |
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Daily Gold Market Report
Gold keeps its negative stability – Analysis - 08-11-2017
Gold price continues to provide sidways trading keeping its stability below 1281.17 level, which keeps our bearish overview valid as it is without any change, waiting to test 1263.15 level mainly, reminding you that breaking this level will push the price to head towards 1240.85 on the near term basis. On the other hand, we should note that breaching 1281.17 level will complete forming positive formation that has the ability to push the price to start recovery attempts and regain the main bullish trend again, to start the positive targets at 1299.20 and extend to 1321.49. Expected trading range for today is between 1263.00 support and 1290.00 resistance. Expected trend for today: Bearish | |
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Daily Silver Market Report
Silver needs positive motive – Analysis - 08-11-2017
Silver price hovers around the EMA50 since days, and as long as the price is above 16.56, our bullish overview will remain valid on the intraday and short term basis, waiting to breach 17.43 to confirm rallying towards 18.30 that represents our next main station. We should note that breaking 16.56 will put the price under negative pressure that targets 15.49 areas before any new attempt to rise. Expected trading range for today is between 16.90 support and 17.43 resistance. Expected trend for today: Overall Bullish | |
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IBJA in association with SRDC has launched Skill oriented course for Jewellery Manufacturing Techniques (JMT-1).
For Admissions, contact: Kejal 022 49717444
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Proposal for Photocard for Hallmarked Jewellery
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Strong U.S. Dollar Squelches Gold, Silver Buyers
(Kitco News) - Gold and silver prices ended the U.S. day session weaker Tuesday. The selling pressure came mainly due to a rally in the U.S. dollar index, which hit a 5.5-month high. December Comex gold was last down $5.40 an ounce at $1,276.20. December Comex silver was down $0.275 at $16.96 an ounce.
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Gold, Silver Pressured By Higher Greenback
(Kitco News) - Gold and silver prices are weaker in early morning trading Tuesday. The modest selling pressure stems from a rally in the U.S. dollar index Tuesday, which hit a 5.5-month high overnight. December Comex gold was last down $3.90 an ounce at $1,277.70. December Comex silver was down $0.16 at $17.075 an ounce.
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Gold edges higher as dollar slips
Gold inched higher early on Wednesday, as the dollar slipped after a media report suggested that the implementation of a major corporate tax cut under a crucial US tax reform plan could be delayed. Spot gold was up 0.1 per cent at $1,276.30 per ounce as of 0103 GMT. The metal fell about 0.5 per cent on Tuesday. US gold futures for December delivery gained 0.1 per cent to $1,277.30.
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Gold Rate Today: Gold, silver up in morning trade
Gold and silver were trading higher in early trade on Wednesday on account of some buying in precious metals. MCX Gold futures were up 0.08 per cent, or Rs 23, at Rs 29,460 per 10 gram around 10.55 am (IST), while MCX Silver futures were up 0.27 per cent, or Rs 107, at Rs 39,701 per 1 kg at around the same time.
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People Are Now Searching How to Buy Bitcoin More Than How to Buy Gold
More people are now searching online for how to buy bitcoin than they are expressing interest in buying gold, according to a new report. Per Bloomberg, the surge in the cryptocurrency’s attraction is coinciding with a well-performing U.S. stock market to reduce interest in gold, that traditional safe haven. The news service looked at Google Trends to discover that “buy bitcoin” is now a more popular search term than “buy gold.”
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India’s Gold Demand Still Low After Demonetization
(Kitco News) - Gold demand in India is still recovering from the effects of demonetization of all 500 and 1,000 rupee banknotes last year, according to local bullion traders and jewelers. Gold buying in India dropped by 25% since Modi government introduced demonetization last November, the country’s Economic Times reported, citing Nitin Khandelwal, chairman of All India Gem & Jewellery Trade Federation.
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‘Buy Bitcoin’ Overtakes ‘Buy Gold’ as Online Search Phrase
Bullion’s rally faltered in the past two months as the dollar strengthened and global equities set new records, while concerns over Brexit and Catalonia’s push for independence failed to drum up notable haven demand. Now, bitcoin’s surge is attracting investor interest toward the cryptocurrency and away from the metal, the biggest online vaulting service said.
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Gold prices to trade lower: Angel Commodities
On Tuesday, spot gold prices declined by half a percent to close at $1275.5 per ounce retreating a bit from the previous day's rally as a stronger U.S. dollar reduced the appeal of safe - haven investments, and oil prices also dipped. The dollar rose 0.3 percent versus the euro as investors bet that monetary policy would continue to diverge between the United States and the euro zone. On the MCX, gold prices rose 0.41 percent to close at Rs.29575 per 10 gms.
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Strong U.S. Dollar Squelches Gold, Silver Buyers
(Kitco News) - Gold and silver prices ended the U.S. day session weaker Tuesday. The selling pressure came mainly due to a rally in the U.S. dollar index, which hit a 5.5-month high. December Comex gold was last down $5.40 an ounce at $1,276.20. December Comex silver was down $0.275 at $16.96 an ounce.
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Japan may impose tougher penalties for gold smuggling, as rise in cases seen as ‘tip of iceberg’
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Gold Has Outperformed The S&P 500 Since 2001 – Sprott
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IBJA’s Free Privileged Gold Membership
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IBJA members can contact our Delhi regional office for any queries / suggestions regarding IBJA in the North region.
Address : B33, Ansal Chamber 2, Bhikaji Cama Place, RK Puram, New Delhi 110066.
Contact Person: Mr. K.P Singh on 9540230600.
IBJA members can contact our Gujarat regional office for any queries / suggestions regarding IBJA in the west region.
Address : Gems & Jewellery Trade Council of India "GJTCI" Gem Place, 3rd Floor, Deepkala House, C. G. Road, Ahemdabad - 380 009, Gujarat.
Contact Person : Mr. Shantibhai R. Patel on 9327000093 / 079-26402573
India Bullion and Jewellers Association Ltd.
IBJA House, 2nd Agiary Lane, Zaveri Bazar, Mumbai - 400002.
Tel: +91-22 49098950 / 49098960
Fax:+91-22 23427459
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