Gold Slips Below Rs 1.55 Lakh/10 Gm on MCX, but Global Prices Extend Gains. What’s Next?
MCX gold and silver futures fell as crude oil prices rose, while the gold October contract briefly touched Rs 1,54,925 per 10 grams.
6 Articles
6 Articles
Gold pulls back after touching a high of Rs 1,55,465 on MCX, silver drops 1% amid rise in oil prices
Immediate support is at Rs 1,53,300- 1,52,700, with the next support at Rs 1,50,700- 1,50,000. Relative Strength Index (RSI) at 67.05, easing from its recent peak, reflects momentum cooling slightly, though the broader trend remains bullish.
Gold and silver prices declined on Tuesday. Both gold and silver prices fell by more than 1% on the MCX. Let's find out the prices for 24-carat and 18-carat metals in your city.
The Economic Times
Times of IndiaGold slips below Rs 1.55 lakh/10 gm on MCX, but global prices extend gains. What’s next?
Gold prices slipped on the MCX but extended gains in international markets on Tuesday as expectations of a US Federal Reserve rate hike eased. Gold futures for October delivery fell 0.6% to Rs 1,54,995 per 10 grams, while December and February contracts declined over 0.5% and 0.7%, respectively. Investors now await the Feds latest meeting minutes for policy cues.
Tuesday's trading was somewhat disappointing for investors in gold and silver. Gold and silver prices fell by up to 1% in early trade on August 18th on the MCX.
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