INSUBCONTINENT EXCLUSIVE:
Gold Rates Today: Domestic spot gold opened at Rs 46,706 per 10 grams on ThursdayHighlightsDomestic spot gold opened at 46,706 per 10 grams
on Thursday Gold futures were last trading greater by 0.34 per cent at 46,768 Silver futures were last up 0.33 per cent
at Rs 67,860 Gold Cost In India: Domestic gold futures witnessed volatile trading partially higher on Thursday, April 15
On Multi Commodity Exchange (MCX) gold futures, due for a June 4 shipment, were last seen trading higher by Rs 160 - or 0.34 percent - at Rs
46,768, having swung between Rs 46,680 and Rs 46,896 during the session so far, compared to their previous close of Rs 46,608
Silver futures for a May 5 shipment were last up 0.33 per cent at Rs 67,860
(Also Read: Is Silver The New Gold?) Domestic area gold opened at Rs 46,706 per 10 grams on Thursday, and silver at Rs 67,953 per kilogram -
both rates leaving out GST, according to Mumbai-based industry body India Bullion and Jewellers Association (IBJA)
What analysts state: Gold Area trading near $1735 levels
Gold rates moved lower on Wednesday, regardless of a decreasing dollar
The increase in the 10-year yield came in spite of the deficit spending hitting an all-time high
Treasury yields appear to be topping out, which might result in a rally in the yellow metal, said Kshitij Purohit, Item Supervisor, Currency
- Products, CapitalVia Global Research Limited
Disadvantage support is $1720 levels, Resistance is at $1760 levels
MCX Gold June trading with unfavorable momentum in evening session, Drawback assistance for the metal is 46650
Resistance for the metal is 47050, he included
COMEX gold trades little changed near $1735/oz after a 0.6% decline the other day
Gold eased back after failing to sustain above $1750/oz
Weighing on gold rate is increasing optimism about the US economy and continuing ETF outflows, stated Ravindra Rao, VP- Head Product
Research Study at Kotak Securities
However, supporting cost is Fed's focus on keeping interest rates low and worsening infection situation
Gold is struggling to sustain above $1750/oz amidst combined factors nevertheless rising infection cases and loose monetary policy position
might continue to support prices, he included.
