Commodities Radar: Gold rises Rs 1,870/10g to new lifetime high. Four reasons why traders could see another upside of Rs 1,300

Domestic gold prices touched another record high of Rs 1,35,496 per 10 gram on Monday, rising sharply by around Rs 1,870 or 1.4% from the last close. While trading remained buoyant amid the growing appeal of ports and bullion investments, rates in India were further supported by the weakness of the rupee.The rupee weakened 0.2% […]

Commodities Radar: Gold may rise by another Rs 2,400/10 gram this week. Rupee, risk feelings remain triggers: LKP Securities

Domestic gold prices rose by Rs 1,300 per 10 grams or 1% on Monday, reflecting international prices amid risky sentiments in equities and Bitcoin. The sharp rise in MCX gold prices against its foreign peers was due to the weakness of the rupee against the US dollar. February gold futures were trading at Rs 1,30,800 […]

Commodity Radar: For every 20 to 30 paise rupees fall, domestic gold gains Rs 100-150/10g. LKP analyst advises buying on dips

Domestic gold yields fell today, reflecting international prices, as uncertainty over US Federal Reserve rate cuts in December looms in a divided house. Last month’s meeting of policymakers saw unusual divisions within the U.S. central bank, with some members favoring looser policy while others pushed for tougher conditions.Fed Chairman Jerome Powell described them as “widely […]