Gold and silver prices fall sharply in Indian markets, tracking a decline in global markets. On MCX, August gold futures fell 0.50% to ₹34,347 per 10 gram while October contracts declined 0.6% to ₹35,206. Silver contracts saw a sharper fall, with September contracts on MCX declining nearly 1% to…Read More
High gold prices prompt some Asian consumers to sell back physical gold this week in a hunt for profits. Cheaper silver emerges as a preferred investment. Some investors use temporary price dips to buy, hoping to cash in on a further leg up. Demands remain sluggish in India as prices hold at record …Read More
For gold, it's time to shine. At least, that's what market technicians are saying, and investors are loving it. Higher gold prices have been long overdue, and with tensions rising as we head towards having a new president, prices are going to be all over the place for some time. Gold prices have gai…Read More
Concerns about China's economy and tensions in the Middle East push investors into safe-haven assets on Friday. Gold prices are continuing to climb. The most-actively traded U.S. contract increased 0.1% to $1,344.50 a troy ounce. The rise accelerated after the National Bureau of Statistics released …Read More
Due to firmer demand in the domestic market, gold prices in India flipped into premiums this week. Buyers in top consumer China took advantage of lower bullion prices and increased purchases. Dealers charge a premium of about $1 an ounce over official domestic prices in India. That contrasts with la…Read More
Despite its' current status, gold prices will continue to rise this year, according to a financial executive. Neil Pereira, a principal investment officer of the International Financial Corporation (IFC), states that we've seen gold prices fall in the past year. He believes the significant increase …Read More
For those who can't afford a single ounce of gold, but still wants to invest in precious metals, there's a common question of which is better, several ounces of silver or a half ounce of gold? Currently, gold is trading for over $1,300 an ounce. This price tag is much higher than silver coming in at…Read More
Fervent advocates claim that bitcoin is the new, digital gold. They argue the answer to precious metals is the digital currency. They even say it could replace gold for investors as a significant store of value. However, is it possible for bitcoin to truly replace gold in the eyes of mainstream inve…Read More
Gold prices have been struggling for weeks. For five months, the precious metal has traded in sideways consolidation before the expected sell-off happened. Short covering in gold was short-lived. Now, it's near the support zone of $1,345. Some aspects work in favor of the precious metal. The first a…Read More
The cost of gold has dropped quite a bit since the metal reversed in April at the 2016 resistance. The price fell over 125 points to the lowest its been since December of last year. The Federal Reserve acted aggressively on the interest rates which has driven the decline. A looming trade war reinfor…Read More