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Economic Times
14 hours ago
- Business
- Economic Times
Gold Price Prediction: War tensions push yellow metal down by Rs 1,900 from peak. Turbulence ahead?
Live Events How to trade gold? Manoj Kumar Jain suggested the following ranges for gold and silver on MCX: Gold has support at Rs 98,660-98,280 and resistance at Rs 99,400-99,850 Silver has support at Rs 1,05,400-1,04,650 and resistance at Rs 1,07,000-1,07,800 Gold rates in physical markets Gold Price today in Delhi Gold Price today in Mumbai Gold Price today in Chennai Gold Price today in Hyderabad (You can now subscribe to our (You can now subscribe to our ETMarkets WhatsApp channel Amid geopolitical tensions and a war scenario, Gold August futures contracts at MCX opened flat at Rs 99,175/10 grams, which is up merely by Rs 66 or 0.07%. However, the prices of the yellow metal have slipped by Rs 1,900 from their all-time high of Rs 1,01,078/10 silver July futures showed strength, opening higher by Rs 503 or 0.47% at Rs 1,06,727/ gold and silver prices hovered near $3,360 and $36 per ounce, respectively, on Monday, remaining volatile as tensions escalated in the Middle East after the U.S. joined Israeli strikes on Iran's nuclear Trump warned of further military action if Iran resists peace, intensifying fears and boosting demand for safe-haven Friday, gold and silver settled on a weaker note in the domestic market while settling on a mixed note in the international markets. Gold August futures contract settled at Rs 99,109 per 10 grams with a loss of 0.22%, and silver July futures contract settled at Rs 1,06,224 per kilogram with a loss of 1.09%.Gold and silver showed very high price volatility and slipped from their highs amid the hawkish policy stance of the U.S. Fed. The U.S. Fed maintained a status quo on interest rates and also downgraded growth also show concerns about higher inflation due to U.S. trade and silver also plunged after the U.S. President said that it will take two weeks to decide whether to intervene in the Israel-Iran war or not. However, the US stroke on Iran's three main nuclear facilities over the comes at a fragile moment for the global dollar index is also facing resistance at higher levels and supporting prices of gold and silver. Today, the US Dollar Index, DXY, was hovering near the 99.01 mark, gaining 0.31 or 0.31%.'We expect gold and silver prices to remain volatile this week amid volatility in the dollar index and geo-political tensions and Chairman's testify but gold prices could hold its support level of $3,280 per troy ounce and silver prices could also hold $34.40 per troy ounce levels on a weekly closing basis,' said Manoj Kumar Jain of Prithvifinmart Commodity Research.'Investors now turn to upcoming U.S. economic data and speeches from Federal Reserve officials, including a two-day congressional testimony by Chair Jerome Powell, to gauge the Fed's response amid rising risks from tariffs and conflict,' believes Rahul Kalantri, VP Commodities at Mehta suggests buying silver around Rs 95,500 with a stop loss of Rs 95,000 for a target of Rs 96, gold (22 carat) prices in Delhi stand at Rs 57,216/8 grams while pure gold (24 carat) prices stand at Rs 60,968/8 gold (22 carat) prices in Mumbai stand at Rs 57,576/8 grams while pure gold (24 carat) prices stand at Rs 61,416/8 gold (22 carat) prices in Chennai stand at Rs 56,936/8 grams while pure gold (24 carat) prices stand at Rs 60,744/8 gold (22 carat) prices in Hyderabad stand at Rs 56,880/8 grams while pure gold (24 carat) prices stand at Rs 60,576/8 grams.: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times)
Time of India
14 hours ago
- Business
- Time of India
Gold Price Prediction: War tensions push yellow metal down by Rs 1,900 from peak. Turbulence ahead?
Amid geopolitical tensions and a war scenario, Gold August futures contracts at MCX opened flat at Rs 99,175/10 grams, which is up merely by Rs 66 or 0.07%. However, the prices of the yellow metal have slipped by Rs 1,900 from their all-time high of Rs 1,01,078/10 gm. However, silver July futures showed strength, opening higher by Rs 503 or 0.47% at Rs 1,06,727/kg. Internationally, gold and silver prices hovered near $3,360 and $36 per ounce, respectively, on Monday, remaining volatile as tensions escalated in the Middle East after the U.S. joined Israeli strikes on Iran's nuclear sites. President Trump warned of further military action if Iran resists peace, intensifying fears and boosting demand for safe-haven assets. On Friday, gold and silver settled on a weaker note in the domestic market while settling on a mixed note in the international markets. Gold August futures contract settled at Rs 99,109 per 10 grams with a loss of 0.22%, and silver July futures contract settled at Rs 1,06,224 per kilogram with a loss of 1.09%. Gold and silver showed very high price volatility and slipped from their highs amid the hawkish policy stance of the U.S. Fed. The U.S. Fed maintained a status quo on interest rates and also downgraded growth outlooks. They also show concerns about higher inflation due to U.S. trade tariffs. Gold and silver also plunged after the U.S. President said that it will take two weeks to decide whether to intervene in the Israel-Iran war or not. However, the US stroke on Iran's three main nuclear facilities over the weekend. This comes at a fragile moment for the global economy. The dollar index is also facing resistance at higher levels and supporting prices of gold and silver. Today, the US Dollar Index, DXY, was hovering near the 99.01 mark, gaining 0.31 or 0.31%. 'We expect gold and silver prices to remain volatile this week amid volatility in the dollar index and geo-political tensions and Chairman's testify but gold prices could hold its support level of $3,280 per troy ounce and silver prices could also hold $34.40 per troy ounce levels on a weekly closing basis,' said Manoj Kumar Jain of Prithvifinmart Commodity Research. 'Investors now turn to upcoming U.S. economic data and speeches from Federal Reserve officials, including a two-day congressional testimony by Chair Jerome Powell, to gauge the Fed's response amid rising risks from tariffs and conflict,' believes Rahul Kalantri, VP Commodities at Mehta Equities. How to trade gold? Manoj Kumar Jain suggested the following ranges for gold and silver on MCX: Gold has support at Rs 98,660-98,280 and resistance at Rs 99,400-99,850 Silver has support at Rs 1,05,400-1,04,650 and resistance at Rs 1,07,000-1,07,800 Jain suggests buying silver around Rs 95,500 with a stop loss of Rs 95,000 for a target of Rs 96,650. Gold rates in physical markets Gold Price today in Delhi Standard gold (22 carat) prices in Delhi stand at Rs 57,216/8 grams while pure gold (24 carat) prices stand at Rs 60,968/8 grams. Gold Price today in Mumbai Standard gold (22 carat) prices in Mumbai stand at Rs 57,576/8 grams while pure gold (24 carat) prices stand at Rs 61,416/8 grams. Gold Price today in Chennai Standard gold (22 carat) prices in Chennai stand at Rs 56,936/8 grams while pure gold (24 carat) prices stand at Rs 60,744/8 grams. Also read: Why stock market is falling today? Key factors behind 900-point Sensex crash, Nifty below 24,850 Gold Price today in Hyderabad Standard gold (22 carat) prices in Hyderabad stand at Rs 56,880/8 grams while pure gold (24 carat) prices stand at Rs 60,576/8 grams. ( Disclaimer : Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times)
Time of India
4 days ago
- Business
- Time of India
Gold Price Prediction: Yellow metal dips to Rs 99,258/10 gms amid hawkish fed comments; analysts eye recovery
Gold prices opened lower after a hawkish commentary from the US Federal Reserve , which kept interest rates steady at 4.25–4.50%. On the Multi Commodity Exchange (MCX), August gold futures opened at Rs 99,258 per 10 grams, down Rs 279 or 0.28%. Silver futures for July delivery also saw a modest dip, opening Rs 256 lower at Rs 1,08,310 per kg, a decline of 0.24%. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Play War Thunder now for free War Thunder Play Now Undo On Wednesday, gold and silver settled on a slightly weaker note in the domestic markets and on a mixed note in the international markets. Gold August futures contract settled at Rs 99,537 per 10 grams with a loss of 0.001% and the silver July futures contract settled at Rs 1,08,566 per kilogram with a loss of 0.39%. Gold and silver showed high volatility and settled on a mixed note amid a hawkish stance of the U.S. Fed on interest rates. The U.S. Fed maintained a status quo on interest rates and left interest rates unchanged between the 4.25-4.50% range. The U.S. Fed also diminished the chances of aggressive interest rate cuts for the years 2025-2027. Fed chairman Jerome Powell projected that inflation remains elevated, economic growth remains slower, and job markets are under pressure due to higher trade tariffs and global uncertainty. Live Events 'The U.S. Fed's hawkish stance on interest rate cuts limits gains of precious metals. However, escalation in the Israel-Iran war and global central banks' buying are supporting precious metal prices,' said Manoj Kumar Jain of Prithvifinmart Commodity Research. Today, the US Dollar Index, DXY, was hovering near the 99.03 mark, gaining 0.12 or 0.12%. 'We expect gold and silver prices to remain volatile this week amid volatility in the dollar index and geopolitical tensions and gold prices could hold their key support level of $3,284 per troy ounce and silver prices could also hold $34.00 per troy ounce levels on a weekly closing basis,' he added. The Fed Chairman maintained a neutral stance, noting readiness to respond to external risks. Meanwhile, US data showed a softening labor market and weak housing figures. 'Gold prices held their upward bias after the Federal Reserve decided to keep policy unchanged, aligning with market expectations,' said Neha Qureshi, Senior Technical & Derivative Analyst, Anand Rathi Commodities & Currencies. The Relative Strength Index (RSI) remains bullish but steady, suggesting further gains are possible. How to trade gold? Manoj Kumar Jain suggested the following ranges for gold and silver on MCX: Gold has support at Rs 99,100-98,670 and resistance at Rs 99,900-1,00,350 Silver has support at Rs 1,07,750-1,07,000 and resistance at Rs 1,09,200-1,10,000 Jain suggests buying gold on dips around Rs 99,000 with a stop loss of Rs 98,570 for a target of Rs 99,700. Intraday trading strategy by Neha Qureshi: Buy MCX August Gold futures at Rs 99,500 with a stop loss of Rs 99,200 and a price target of Rs 1,00,000 Buy MCX July Silver futures at Rs 1,08,000 with a stop loss of Rs 1,06,000 and a price target of Rs 1,11,000 Gold rates in physical markets Gold Price today in Delhi Standard gold (22 carat) prices in Delhi stand at Rs 57,832/8 grams while pure gold (24 carat) prices stand at Rs 61,608/8 grams. Gold Price today in Mumbai Standard gold (22 carat) prices in Mumbai stand at Rs 57,576/8 grams while pure gold (24 carat) prices stand at Rs 61,392/8 grams. Gold Price today in Ch ennai Standard gold (22 carat) prices in Chennai stand at Rs 56,760/8 grams while pure gold (24 carat) prices stand at Rs 60,472/8 grams. Gold Price today in Hyderabad Standard gold (22 carat) prices in Hyderabad stand at Rs 57,080/8 grams while pure gold (24 carat) prices stand at Rs 60,880/8 grams.
Economic Times
5 days ago
- Business
- Economic Times
Gold prices steady ahead of FOMC meet; silver hits all-time high of Rs 1,09,630/kg. What's next?
After a highly volatile session, gold August futures contracts at MCX opened flat at Rs 99,611/10 grams, rising Rs 70 or 0.07%, while the silver July futures contracts traded slightly higher by Rs 604 or 0.55% to hit their fresh all-time high of Rs 1,09,630/kg. ADVERTISEMENT On Tuesday, gold and silver settled on a positive note in the domestic market, while settling on a mixed note in the international markets. Gold August futures contract settled at Rs 99,541 per 10 grams with a gain of 0.37% and silver July futures contract settled at Rs 1,08,995 per kilogram, rising2.28%. Due to weakness in the rupee, domestic markets settled on a positive note. Gold and silver showed very high price volatility, settling on a mixed note in the international markets amid geopolitical tensions and ahead of the FOMC meeting outcomes. Escalation in the Israel-Iran war supported safe-haven buying for precious metals, but downbeat U.S. retail sales and core retail sales data limit gains. Chinese consumer demand for gold also cooled off in May and limited the gains. 'Gold extended its fall at Comex divisions but silver prices extended their gains and prices crossed $37 per troy ounce levels for the first time since February 2012,' noted Manoj Kumar Jain of Prithvifinmart Commodity Research. He added that weakness in the rupee is supporting gold and silver prices in the domestic markets. Today, the US Dollar Index, DXY, was hovering near the 98.66 mark, falling 0.16 or 0.16%. ADVERTISEMENT 'We expect gold and silver prices to remain volatile this week amid volatility in the dollar index, geo-political tensions and Fed monetary policy meetings but gold prices could hold its key support level of $3,284 per troy ounce and silver prices could also hold $34.00 per troy ounce levels on a weekly closing basis,' he Gold's movement remains erratic, silver has shown steadier performance, making it a more attractive option in the short term. ADVERTISEMENT 'All eyes now turn to the Fed meeting outcome tonight, with a particular focus on the Dot Plot projections for clearer guidance on market trends,' said Neha Qureshi, Senior Technical & Derivative Analyst, Anand Rathi Commodities & Currencies. Manoj Kumar Jain suggested the following ranges for gold and silver on MCX: ADVERTISEMENT Gold has support at Rs 99,100-98,650 and resistance at Rs 99,850-1,00,200 Silver has support at Rs 1,08,000-1,07,200 and resistance at Rs 1,09,750-1,10,600 Jain suggests buying silver on dips around Rs 1,08,000 with a stop loss of Rs 1,07,200 for a target of Rs 1,10,000. Buy MCX August Gold futures at Rs 99,500 with a stop loss of Rs 99,200 and a target of Rs 1,00,000 Buy MCX July Silver futures at Rs 1,09,000 with a stop loss of Rs 1,07,000 and a target of Rs 1,12,000. Gold Price today in Delhi Standard gold (22 carat) prices in Delhi stand at Rs 58,320/8 grams while pure gold (24 carat) prices stand at Rs 62,192/8 grams. ADVERTISEMENT Gold Price today in Mumbai Standard gold (22 carat) prices in Mumbai stand at Rs 57,256/8 grams while pure gold (24 carat) prices stand at Rs 61,064/8 grams. Gold Price today in Chennai Standard gold (22 carat) prices in Chennai stand at Rs 56,864/8 grams while pure gold (24 carat) prices stand at Rs 60,632/8 grams. Gold Price today in Hyderabad Standard gold (22 carat) prices in Hyderabad stand at Rs 57,184/8 grams while pure gold (24 carat) prices stand at Rs 60,984/8 grams. (Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times)
Time of India
6 days ago
- Business
- Time of India
Gold prices steady ahead of FOMC meet; silver hits all-time high of Rs 1,09,630/kg. What's next?
Live Events How to trade gold? Gold has support at Rs 99,100-98,650 and resistance at Rs 99,850-1,00,200 Silver has support at Rs 1,08,000-1,07,200 and resistance at Rs 1,09,750-1,10,600 Intraday Trading Strategy by Neha Qureshi: Buy MCX August Gold futures at Rs 99,500 with a stop loss of Rs 99,200 and a target of Rs 1,00,000 Buy MCX July Silver futures at Rs 1,09,000 with a stop loss of Rs 1,07,000 and a target of Rs 1,12,000. Gold rates in physical markets (You can now subscribe to our (You can now subscribe to our ETMarkets WhatsApp channel After a highly volatile session, gold August futures contracts at MCX opened flat at Rs 99,611/10 grams, rising Rs 70 or 0.07%, while the silver July futures contracts traded slightly higher by Rs 604 or 0.55% to hit their fresh all-time high of Rs 1,09,630/ Tuesday, gold and silver settled on a positive note in the domestic market, while settling on a mixed note in the international markets. Gold August futures contract settled at Rs 99,541 per 10 grams with a gain of 0.37% and silver July futures contract settled at Rs 1,08,995 per kilogram, rising2.28%.Due to weakness in the rupee, domestic markets settled on a positive note. Gold and silver showed very high price volatility , settling on a mixed note in the international markets amid geopolitical tensions and ahead of the FOMC meeting in the Israel-Iran war supported safe-haven buying for precious metals, but downbeat U.S. retail sales and core retail sales data limit gains. Chinese consumer demand for gold also cooled off in May and limited the gains.'Gold extended its fall at Comex divisions but silver prices extended their gains and prices crossed $37 per troy ounce levels for the first time since February 2012,' noted Manoj Kumar Jain of Prithvifinmart Commodity added that weakness in the rupee is supporting gold and silver prices in the domestic markets. Today, the US Dollar Index, DXY, was hovering near the 98.66 mark, falling 0.16 or 0.16%.'We expect gold and silver prices to remain volatile this week amid volatility in the dollar index, geo-political tensions and Fed monetary policy meetings but gold prices could hold its key support level of $3,284 per troy ounce and silver prices could also hold $34.00 per troy ounce levels on a weekly closing basis,' he Gold's movement remains erratic, silver has shown steadier performance, making it a more attractive option in the short term.'All eyes now turn to the Fed meeting outcome tonight, with a particular focus on the Dot Plot projections for clearer guidance on market trends,' said Neha Qureshi, Senior Technical & Derivative Analyst, Anand Rathi Commodities & Kumar Jain suggested the following ranges for gold and silver on MCX:Jain suggests buying silver on dips around Rs 1,08,000 with a stop loss of Rs 1,07,200 for a target of Rs 1,10, gold (22 carat) prices in Delhi stand at Rs 58,320/8 grams while pure gold (24 carat) prices stand at Rs 62,192/8 gold (22 carat) prices in Mumbai stand at Rs 57,256/8 grams while pure gold (24 carat) prices stand at Rs 61,064/8 gold (22 carat) prices in Chennai stand at Rs 56,864/8 grams while pure gold (24 carat) prices stand at Rs 60,632/8 gold (22 carat) prices in Hyderabad stand at Rs 57,184/8 grams while pure gold (24 carat) prices stand at Rs 60,984/8 grams.(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times)
