Gold futures dip to ₹1,51,128 per 10 grams on weak demand
October gold futures on the MCX slipped ₹171 to ₹1,51,128 per 10 grams on weak spot demand. Global contracts in New York also eased, down 0.25 per cent to $4,277 an ounce.
Gold Market
Tagged: gold futures
Gold futures slip ₹914 as dollar firms, Fed signals weigh
Gold futures on MCX reversed early gains to close ₹914 lower at ₹1,52,180 per 10g as a stronger dollar and hawkish Fed comments pressured prices. Comex gold also declined.
Can artificial intelligence really move the gold price? One analyst says no
A well-known commentator argues that market psychology, not artificial intelligence or economic data, is the true driver of gold prices. He sees a key support level for December futures.
Gold net longs jump as CFTC data shows broad positioning shift
Speculative gold positioning saw its largest weekly increase since early June in the week to August 25. CAD short covering led broader shifts across currencies and commodities.
Gold drops more than 3% as Fed’s Warsh comments fuel rate hike bets
Gold fell more than 3% on Friday as Federal Reserve Chair Kevin Warsh’s remarks on inflation boosted expectations for a September interest rate increase. A stronger dollar added to the decline.
Gold futures edge lower on MCX, dip ₹120 to ₹1,63,109 per 10 grams
Gold futures on the MCX slipped ₹120 to ₹1,63,109 per 10 grams on Tuesday as spot demand weakened. Global benchmarks also fell.
Gold futures climb ₹1,283 to ₹1.63 lakh per 10 grams on MCX
Gold futures on the MCX rose ₹1,283 to ₹1,63,721 per 10 grams for October delivery, driven by fresh positions and firm spot demand. Globally, gold gained 0.99% to $4,648.78 per ounce.
Gold and silver futures rally, analysts see further upside
Gold futures broke through ₹1,55,000 to hit ₹1,62,680, while silver rebounded from ₹2,30,000. Analysts expect the rally to continue with targets of ₹1,70,000 and ₹2,60,000.
Gold futures jump ₹1,432 to ₹1.60 lakh/10 gm on fresh buying
Gold futures on the MCX climbed ₹1,432 to ₹1.60 lakh per 10 grams, driven by fresh speculative positions and firm physical demand. The October contract traded at ₹1,60,857.