Blog

Importance of Dhanteras

  This October calls for festive celebration as it welcome Diwali and Dhanteras. The festival of lights is preceded with Dhanteras when people throng markets to buy gold items and utensils for daily utility. But have you ever wondered why? Today, let’s get to know why Dhanteras...

READ MORE

Gold Prices May Surge

Gold was once again seeing pulled and pushed by various factors doing rounds in the market. Where one side Gold Prices May was seen consolidating by a strong dollar price on Wednesday, on the other hand on Friday it once again picked momentum over the North Korean crisis. Gold prices fell for...

READ MORE

Tensions Push while Dollar Pulls Gold Prices

Gold prices have been correcting recent gains, the pullback tested the break-up level at $1,295 per oz and it gave way, which is a sign of weakness. Stints of haven buying have since given prices some lift, but the gains have not been held on to, which suggests a market that is getting tired of...

READ MORE

Stronger dollar pulls down gold prices

But the metal still recorded its second consecutive weekly decline after the Federal Reserve on Wednesday reiterated that it expects to deliver another rise in interest rates by the end of the year down gold prices. Prices for the yellow metal dropped about 1.7 percent last week, posting their...

READ MORE

FOMC Meet breaks down gold

It is rather remarkable to down gold think that less than a month ago, gold shot up on the back of a missile firing in North Korea and the assorted baggage that came with that. The market was scared and gold was the major beneficiary. Now here we are, with the price of gold almost

READ MORE

Wait, Watch and Then Work

In 2016, gold was seen climbing 6% from $1050 to $1150 and another 10% gain during the first half of this year, in July and again in early August, gold prices dropped down to $1210, before rallying back up both times to $1290 and $1350 per ounce respectively. Wait, Watch and Then Work This back...

READ MORE

Strong Rally in Gold Prices RSBL

We have seen gold nearing a 1 year high over the past few months. But what has supported this rally for the yellow metal? Lately, uncertainty in many forms has played a key role. This past week’s nuclear test in North Korea shook investors, sending them fleeing to safe-haven investments...

READ MORE

Gold steady ahead of Sept. FOMC Meet

After rising for 3 days, gold prices weakened globally and on the domestic front too on weak global cues and Gold steady easing demand by local jewellers. Trump reached a surprise deal with Democrats on Wednesday to raise the short-term US debt ceiling, reducing concerns over a potential...

READ MORE

Bullish sentiments for Gold prices trading

Gold prices trading for the week ended with a good sign, as it posted gains in the Friday session, continuing the upward movement we saw on Thursday. In the North American session, gold was seen trading at $1323.74, up 0.18% on the day. This rise was seen post the release of the labour report...

READ MORE

Markets seem difficult to gold trade

After weeks of relative stagnation, gold traders were suddenly awoken to a rise in trade volume and price volatility. In a span of one minute, gold futures contracts equalling more than 2 million ounces traded — about 20 minutes before Federal Reserve Chair Janet Yellen was to address a...

READ MORE

Weekly Gold Forecast

Weekly Gold Forecast:  The week began on a silent note for precious metals. Gold was up +0.1% which probably reflects a lull in the haven demand as investors appear risk-on at the beginning of the week. It was strange to see that demand for the yellow metal wasn’t much despite of the on-going...

READ MORE