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The broader trend on COMEX could be in the range of $1,835-1,870 and on domestic front prices could hover in the range of Rs 49,125- 49,570, said Damani.
Gold prices plummet to Rs 50,421/10 gm on rising bond yields, future falls below Rs 49,000 Technically, international gold breached the psychological levels of $1,900 and is sustaining below it. Image: PTI Gold prices fell for the second consecutive day by Rs 628 to Rs 50,421 per 10 gram in the Mumbai retail market on global equity market rally and rupee appreciation. The precious metal traded lower, tracking gains in the US dollar and firm Treasury yields. The bullion metal prices turned volatile after touching a high of Rs 51,660 during the week, but gave up all the gains to end marginally...
Technically, international gold breached the psychological levels of $1,900 and is sustaining below it.
Gold loses shine as price falls sharply to Rs 51,049 per 10 gram, silver tanks by Rs 1,636/kg The gold/silver ratio currently stands at 74.42 to 1, which means the amount of silver required to buy one ounce of gold. Mumbai / January 07, 2021 / 07:56 PM IST Gold prices declined by Rs 611 to Rs 51,049 per 10 gram in the Mumbai retail market amid increased risk appetite for riskier assets and heavy sell-off yesterday in the global market. The precious metal's safe-haven appeal was dented by a rebound in the dollar and rise in 10-year US Treasury yield by over 1 percent. While price for 10 gr...
Gold prices surge over 20% for second year in a row to settle above Rs 50,000 per 10 gram Gold prices have kept range bound trading during the week on lack of important economic data and mixed global cues. Mumbai / December 31, 2020 / 07:03 PM IST Gold prices soared by Rs 231 to Rs 50,202 per 10 gram in the Mumbai retail market on a softer dollar and positive global cues. The precious metal surged 27.94 percent in the domestic market this year - the best in a decade - after gaining 23.75 percent last year. The yellow metal price was Rs 39,240/10 gm on December 31, 2019, and Rs 31,710 on ...