August Gold News Today : Breaking News, Live Updates & Top Stories | Vimarsana

From a technical standpoint, the market is experiencing strong bullish momentum, Santosh Meena, Head of Research at Swastika Investmart, said. "The levels around 19,500–19,600 may act as an immediate supply zone. If this zone is surpassed, the next target levels would be 19,770 and 20,000. On the downside, a slip below the 19,300 level in the Nifty index could trigger profit booking, potentially leading to a decline toward the support levels at 19,100 and 18,888," Meena said

He expects Gold to test Rs 60,000 per 10 gram and Silver futures to test Rs 72,500 - Rs 73,000 levels “very soon again”. The August gold futures ended with gains of Rs 391 per 10 gram or 0.67% at Rs 58,792 on Friday while the September Silver futures finished up by Rs 1,009 per kg or 1.43% at Rs 71,333.

The price of gold and silver on the morning of July 6 were at Rs 54,250 per 10 grams and Rs 73,000 per kg respectively, according to GoodReturns.

Gold futures on the MCX have gained 0.52% or Rs 304 per 10 grams on a month-to-date basis, Anuj Gupta, Vice President (VP), Commodity and Currency Research at IIFL Securities told ET Markets. They are up by 6.31% or Rs 3,468 on a year-to-date basis, he said. Meanwhile, silver futures have gained nearly by Rs 500 or 0.71% in value terms in July while they have added 1.66% or Rs 1,150 on a YTD basis, Gupta added

The price of gold and silver on the morning of July 4 were at Rs 54,150 per 10 grams and Rs 71,700 per kg respectively, according to GoodReturns.