Gold Prices Steadied Above A Major Support Level On Monday As Growing Risks Of An Economic Recession Spurred Some Safe Haven Demand For The Yellow Metal. Prices also recovered marginally from a bruising September, where they dropped 3%. Bullion prices marked their worst quarter since March 2021 with a 7.5% drop Spot gold rose 0.2% to $1,663.99 an ounce, while gold futures were flat around $1,672 an ounce by 20:31 ET (00:31 GMT). Prices of…
On Tuesday, the price of a gramme of 24-carat gold stayed steady at Rs 53,440, while the price of silver (per kg) dropped by Rs 1,000 to Rs 65,700. The price of a gramme of 24-carat gold in Bangalore and Hyderabad is the same as it is in Mumbai and Delhi, i.e. Rs 53,440, but 22-carat gold costs Rs 48,990. The price of 1 kg of silver in Delhi, Kolkata, and Mumbai is Rs 65,700,…
" gold trading Rs 53,440 per 10 gram, while silver trading Rs 65,700 per kilogram." Global oil prices fell on Wednesday by the most in nearly two years after OPEC member the United Arab Emirates said it supported pumping more oil into a market roiled by supply disruptions due to sanctions on Russia after it invaded Ukraine. Brent crude futures settled down $16.84, or 13.2%, at $111.14 a barrel, their biggest one-day decline since April 21, 2020. U.S. crude futures ended down $15.44, or 12.5%, at $108.70, their biggest daily decline…
"Global oil prices fall most in 2 years as UAE supports output hike" Ten grams of 24-carat gold is selling at Rs 53,890 on Tuesday, increasing by Rs 1,090 from the last trading session as investor fears grow worldwide over inflation and slowing economic growth due to the war in Ukraine. Ten grams of 22-carat gold is selling at Rs 49,400, increasing by Rs 1,000 from Monday. One kilogram of silver is selling at Rs 71,000, increasing by Rs 1,000. In Delhi and Mumbai, the price of 10…
"Gold trading at Rs 53,890 per 10 gram; silver at Rs 71,000 per kg" By Administrator_ India Capital Sands Gold prices fell on Wednesday morning in Asia, while the U.S dollar retreated marginally. Gold Futures went down 0.28% to $1,788.35 by 11:08 PM ET. Reduced stimulus and interest rate hikes pushed government bond yields up, translating into a higher opportunity cost for holding bullion. Upbeat corporate earnings and easing concerns about high inflation also dented bullion’s safe-haven appeal. Tech giants Microsoft Corp and Google owner Alphabet Inc. both beat…
"Gold Down, as Consumer Confidence Rises" By Administrator_India Capital Sands Gold prices eked out small gains on Friday, buoyed by a weaker dollar, with investors awaiting the U.S. jobs data to gauge the Federal Reserve’s plans to start tapering asset purchases. FUNDAMENTALS Spot gold rose 0.1% to $1,811.79 per ounce by 0115 GMT, but was headed for its first weekly decline in four. U.S. gold futures gained 0.2% to $1,814.80. The dollar index =USD fell to a one-month low, bolstering gold’s…
"Gold firms on sluggish dollar ahead of US jobs data" By Administrator_India Capital Sands Gold prices fell on Thursday, hovering near a more than one-week low, weighed down by a stronger dollar and a rebound in risk sentiment as investors looked past economic threats from rising cases of the Delta coronavirus variant. Spot gold was down 0.3% at $1,798.27 per ounce, as of 0313 GMT, after hitting its lowest since July 12 at $1,793.59 in the previous session. U.S. gold futures eased 0.3% to $1,798.70…
"Gold hovers near 1-week low as risk appetite returns; ECB meet in focus" By Administrator_India Capital Sands Gold was up on Monday morning in Asia after some central banks began increasing their gold holdings. Investors also await further U.S. economic data for further clues on the central bank’s monetary policy. Gold Futures were up 0.24% to $1,787.55 by 10:39 PM ET (2:39 AM GMT). On the demand side, central banks including Serbia, Thailand, and Ghana are increasing their gold holdings due to signs of accelerating inflation. “Long term, gold…
"Gold Up as Central Banks Regain Appetite for Gold Buying" By Administrator_ India Capital Sands Oil was up Monday morning in Asia, with supply cuts by key producers and hopes for further U.S. stimulus measures giving the black liquid a boost. Brent oil futures gained 0.54% to $59.88 by 10:51 PM ET (3:51 AM GMT), and is close to topping the $60 mark for the first time since Feb. 20, 2020. WTI futures rose 0.99% to $57.41. The six-month Brent spread settled at $2.33 on Friday, after hitting a high…
"Oil Up, Brent Futures Close to $60 Mark Over U.S. Stimulus Hopes" By Administrator_India Capital Sands Brent oil futures rose 0.61% to $46.09 by 12:17 AM ET (5:17 AM GMT) and WTI futures were up 0.40% to $43.14. Oil was up on Monday morning in Asia, with global stimulus measures continuing to support prices but with gains capped over creeping fears of an oversupply. Hurricane Laura, which struck the Gulf of Mexico region during the previous week, had a weaker impact on oil markets than feared, with the region’s offshore…
"Oil Up, Finishes August Strong Despite Oversupply Fears"
