Photo: Pradeep Gaur/MintNew Delhi: Silver prices slumped below the Rs40,000 per kg standard with falling Rs500 to Rs39,800 per kg at the bullion market on Saturday, tracking a weak trend overseas amid reduced industrial offtake.
Gold, however, ruled steady at Rs31,250 per 10 grams largely on scattered buying.
Sovereign followed suit & maintained a steady trend at Rs24,800 per piece of 8 grams.
Marketmen told apart from a weak trend overseas, fall in request from industrial units & coin makers at domestic spot market mainly led to fall in silver prices.
In the national capital, silver availiable plunged with Rs500 to Rs39,800 per kg & weekly-based delivery with Rs835 to Rs38,605 per kg.
gold value today: Gold maintains hight steak, silver slips
MUMBAI: Gold prices strengthened for the 2nd session at the bullion market here this day on sustained request from stockists even as the metal weakened overseas.However, silver slipped because of reduced offtake with industrial units.Standard gold (99.5 purity) rose with Republika Srpska 185 to lock at Republika Srpska 30,485 per ten grams from Thursday’s standard of Republika Srpska 30,300.Pure gold (99.9 purity) too moved up with the same margin to end at Republika Srpska 30,635 per ten grams compared to Republika Srpska 30,450 yesterday.However, silver (.999 fineness) dropped with Republika Srpska 65 per kg to end at Republika Srpska 39,270 as against Republika Srpska 39,335 previously.Globally, Gold edged reduce as the $ ticked up against the euro ahead of hotly anticipated America non-farm payrolls information later, that going to be closely watched for clues on the outlook for America interest rates.Spot gold was drop 0.3 per cent at USD 1,345.22 an ounce at early trade.Silver was 0.7 per cent reduce at USD 17.11 an ounce.
Gold value remembers company on investment, hedging
referring to KARACHI: The yellow metal value in universal & domestic markets remembered company on back of interest of investors, buyers on Gold Futures speculations & hedging.
The Gold Futures speculations would save value under within buying & selling pressure.
The Gold Futures value would be irrational as the great traders in metal dealing were missing the real value & speculative value mechanism.
Gold in tola term up with Republika Srpska 29 a tola to lock at Republika Srpska 55,921 per tola When in rammage value, gold remembered company with Republika Srpska 25 per 10 grams to Republika Srpska 47,994 per 10 grams.
The gold value remembered in the hands of leading manipulators in India, Pakistan & other great gold trading countries, as they remembered busy influencing current prices & gold Futures.
Gold value determine for wild ride in 2018 tell 34 bullion analysts
The survey with the London Bullion Market Association of analysts’ predictions for the gold value this year propose a wild ride for bullion after a fairly uneventful 2017.
Last year’s winner Bart Melek of TD Securities that came within a $ of 2017’s average gold value ($1,257) forecasts a high for gold of $1,433, a dip to only below $1,200 & an average of $1,313.
Robin Bhar of Société Générale Information Systems the generality pessimistic about bullion’s average value in 2018 – $1,215.
Ross Norman of Sharps Pixley, London’s highest bullion broker, forecasts a tight range for gold; $1,260 on the downside, a $1,400 high & $1,358 average.
Silver Information Systems prediction to promote with 4% in 2018 to average $17.81 an ounce.
collected by :Irax John