Showing posts with label Gold prices. Show all posts
Showing posts with label Gold prices. Show all posts

Wednesday 4 October 2017

Gold prices rose after hitting a 7-week low US dollar retreats


Price of Gold advanced on Wednesday 4th October 2017, after hitting a 7-week low in the last session, sustained as the USD pulled back from 45-days high against a basket of currencies. At the morning hours, spot gold had risen 0.3% to USD 1,275.34 per ounce and touched its lowest since middle August at USD 1,267.76 on Tuesday.

As per economic point of view, the price of Gold has steadied in last one day, with a hindering US dollar contributing to the move. Further, Long liquidation throughout last fourteen days has put gold on a more sound footing. However, the dollar on Wednesday shed gains against a basket of main currencies over assumption that Donald Trump’s choice for the next US Fed Reserve chair may not be so aggressive against previously forethought.

Among other precious metals, silver rose 0.8% to USD 16.72 an ounce. Palladium jumped 0.7% to USD 921 an ounce while Platinum was 0.5% higher at USD 912 an ounce.


Meantime, Indian rupee made stronger against the USD ahead of the RBI bi-monthly policy outcome due late hours on Wednesday. The rupee opened at 65.34 per USD and was trading at 65.35 v/s dollar, up 0.24% from its last day’s close of 65.50. So forth this year, the domestic currency has gained 4%, while FPIs have bought USD 5.51 billion in equity market and USD 20.05 billion in debt market.

Friday 10 June 2016

Sensex Nifty Pace up, Commodity Market Down

Sensex Nifty Pace up, Commodity Market Down
On the last trading session of this week, stock market opened in red today also, however managing to drift up and trade positive, Market changing bearish to bullish. Sensex live at 26969 hike 205 points and Nifty live at 8,254 points or 0.62 percent. Maximum sectors are trading positive except few sectors like FMCG, IT, TECK and Consumer Durables. Companies like BHEL, Lupin, Adani ports, Yes bank are trading high and maintaining the position in the list of top gainers while Companies like Tata Motors, HDFC Bank, Bharti Airtel are trading low. Asian Market is trading negative as well. Nikkei live at 16,538 dropped 130 points. Hang Seng is trading negative 144 points to 21152 points. Commodity market is also trading down. Gold prices dropped 103 to Rs 29,834 per ten grams while Silver dropped 149 to Rs 40,760 per kg. Crude Oil prices dropped Rs 20 to Rs 3,353, Natural gas live at Rs 173 or -0.69 percent.

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