Gold Price Today: Yellow metal prices rally by Rs 1,500/10 gm in a week, silver trades flat
silver March futures contracts were trading at Rs 90,747/kg, up by 0.21% or Rs 191.
Gold prices jumped by Rs 1,550/10 grams in the last one week while silver prices have largely traded flat, tumbling by Rs 191/kg in the same period.
On Tuesday, gold and silver settled on a slightly mixed note in the domestic market due to some recovery in the rupee, while the same settled on a slightly positive note in the international markets. Gold February futures contract settled at Rs 78,156 per 10 grams with a loss of 0.01% while silver March futures contract settled at Rs 90,556 per kilogram with a gain of 0.05%.
Gold and silver were traded steady on Tuesday amid profit taking in the dollar index from their highs and easing US 10-year bond yields. The US PPI and core PPI data released on Tuesday was also cooler than expected and supported precious metal prices.
The US PPI for December month came up at 0.2% on monthly basis against expectations of 0.4% while core PPI remained unchanged against expectations of up at 0.2%. The US CPI data will be released later today and is directional for the bullion markets.
Stock Trading
Masterclass on Value Investing and Company Valuation
Stock Trading
Market 104: Options Trading: Kickstart Your F&O Adventure
By — Saketh R, Founder- QuickAlpha, Full Time Options Trader
Stock Trading
Technical Analysis for Everyone — Technical Analysis Course
By — Abhijit Paul, Technical Research Head, Fund Manager- ICICI Securities
Stock Trading
Stock Markets Made Easy
By — elearnmarkets, Financial Education
