Updated Mar 15, 2021 | 12:48 IST
Gold, silver price today: In the international market, spot gold prices were up 0.19% at $1,723 per ounce and silver was trading 0.23% higher at $25.96 per ounce. Representational image
New Delhi: Gold and silver prices rebounded on Monday in-line with global trends after witnessing high volatility last week. On the Multi-Commodity Exchange (MCX), gold April futures were trading higher by 0.17% at Rs 44,828 for 10 grams at 12:23 pm. The yellow metal witnessed a high of Rs 44,964 during the day. May silver futures, too, were trading 0.32% higher at Rs 67,058 per kilogram after touching an intraday high of Rs 67,360.
Analysts say MCX gold has support near Rs 44,600 levels while the metal faces resistance at Rs 45,200. Meanwhile, silver is expected to take support at Rs 66,000 levels and resistance at Rs 68,200 level.
India has been left somewhat unscathed when it comes to foreign portfolio investor (FPI) flows in the aftermath of the spike in US bond yields. Between February 15 and March 10, India s FPI flows stood at $874 million, and its emerging market peers saw outflows. FPIs were net sellers to the tune of Rs 942 crore on Friday, according to provisional data from exchanges. Analysts cited global indices rejig as one of the reasons for continuing inflows to India. Last month MSCI announced rebalancing, and inflows of over $250 million were expected because of this rejig. The FTSE Global Equity Index Series introduced changes to its indices last month and these will become effective March 19.
WASHINGTON, Mar 14 Skittish investors have see-sawed between celebration about the expected US economic recovery and nail-biting over a possible price spiral, but the Federal Reserve is standing firm on keeping interest rates low. In the balance between allowing faster growth and rising.
Read more about Treasury dealers offload bonds as regulatory deadline approaches on Business Standard. One explanation for the disconnect is that dealers are taking steps to trim holdings before the expiry of a key regulatory exemption on March 31