Tue. Jan 31st, 2023

Fxtriangle | Market analysis | Managed trading

Fxtriangle will make Fx trading look easy.

Gold prices today remain flat, down ₹5,000 from last month’s highs

1 min read
gold silver

Five hundred gram silver bars sit next to one thousand gram gold bars in an arranged photograph at the Istanbul Gold Refinery in Istanbul, Turkey, on Thursday, May 12, 2011. Both the precious metals, silver and gold, rose today on stockists buying for the ongoing marriage season, amid a firming global trend. Photographer: Kerem Uzel/Bloomberg via Getty Images

Gold and silver prices in India edged higher but the gains remained muted. On MCX, gold futures rose 0.07% to 51,440 per 10 gram while silver gained 0.41% to 68,725 per kg. Gold prices in India have been stuck in a narrow range over the past few days. In the previous session, gold futures had risen 0.07% on MCX while silver had slipped 0.12%. Gold is now down about 5,000 per kg from record highs of about 56,200, hit last month.

Similarly, silver prices are now down more than 10,000 per kg in about a month.

In global markets, gold prices moved higher, supported by a weaker US dollar and concerns that a coronavirus vaccine could get delayed. Spot gold rose 0.7% to $1,945.20 per ounce.

Among other precious metals, platinum jumped 1.8% to $917.32 an ounce after World Platinum Investment Council forecast a deficit in supply this year, from earlier projection of surplus. Silver rose 0.7% to $26.88.

Leave a Reply

Forex trading and any instruments related to Foreign Exchange Market are Speculative and carry substantial risk of loss of either partial equity or the entire deposit amount. Leverage adds up to the risk, before considering to invest in this venture, you should first consider your financial position and may seek the help of an independent financial advisor. FXtriangle dis-recommends the usage of loan instruments to trade in this market as it can hamper financial position. Please do not invest the money that you cannot afford to lose. FXtriangle provides all its services throughout the Globe Excluding (Nigeria, British Virgin Island & the Islamic Republic of Iran) and also provides limited service in some jurisdictions where investment in Overseas markets / Fx Exchanges are prohibited by Law If you are not sure to contact us before using any of our services. FXtriangle acts as an Independent Corporate Financial Advisor and connects you to various overseas exchanges and cannot be held liable for any financial damage occurring through their side. All of our partnered institutions are regulated in various jurisdictions.FXtriangle conducts an independent background check before partnering with any institutions to fulfill your investment objectives smoothly. The usage of our Business name, Logo or any trademark in any financial forum, website, review website, complaint arena, Billboards without our written permission will attract lawsuits.