Mcx Silver News Today

Gold faced downward pressure as the main indexes of Wall Street began on a higher note, thereby reducing the demand for the safe-haven and non-interest-bearing asset.

Understanding price patterns like head & shoulders, double tops, and double bottoms is crucial in MCX Gold and Silver trading. These patterns help traders anticipate price movements, identify entry and exit points, and navigate the market with confidence.

MCX will start Tuesday's trade with delay. Gold futures were up by Rs 12 and traded at Rs 62,090 per 10 grams on the MCX. Silver futures, on the other hand, witnessed a hike of Rs 40 or 0.06 per cent and traded at Rs 71,049 per kg.

In a Bull Call Spread strategy, a trader simultaneously buys a call option while selling another call option with a higher strike price. This strategy is ideal when a moderate upside in the price of MCX Gold or Silver is anticipated. The goal is to capitalize on the potential price increase while offsetting the cost by selling a higher-strike call option.

"We anticipate silver will follow golds trend and move higher in 2024. Long-term fundamentals are still positive for silver, as global demand is likely to outshine due to the faster adoption of green energy. From the level specific, Comex silver will rise to $30 per ounce; a decisive breakout above the $30 level will open further upside towards $33/$37.0. It has support at $19.80."

Spot prices of gold have fallen eight percent in four months, while those of silver have declined 13 percent, as per MCX data. Experts see no respite in coming months.

Latest SILVER Rate/Price in India. Get current silver Price/Rate in Mumbai, Delhi, Chennai, Ahmadabad and Jaipur. Indian Sliver trading Market, Bullion stock quote, Live MCX silver price news, Lot Size and Silver price per gram by MoneyControl.com

Gold is considered a hedge against inflation, but higher interest rates dim the non-yielding assets appeal

December Gold futures ended at Rs 50648 per 10 gram on Tuesday and were up by Rs 68 or 0.59% from the Monday closing price. Meanwhile, December Silver futures were trading at Rs 58091 at the closing time and were up by Rs 343 or 0.59% Get more Personal Finance News and Business News on Zee Business.

Gold Price Today: Carrying on from previous week’s weakness, MCX gold fell on Monday as well. The August gold futures ended at Rs 50341 per 10 gram yesterday and were down 0.09 per cent or Rs 43 from the Friday closing price Get more Personal Finance News and Business News on Zee Business.