Profit street blog | stock and commodity market news

After rising for three days, gold prices softened by Rs 30 on Tuesday to Rs 28,600 per 10 grams at the bullion market here due to fall in demand from local jewellers even as the metal strengthened overseas, helping cap a further decline. New Delhi: After rising for three days, gold prices softened by Rs 30 on Tuesday to Rs 28,600 per 10 grams at the bullion market here due to fall in demand from local jewellers even as the metal strengthened overseas, helping cap a further decline. Silver, however, gained Rs 400 to Rs 38,900 per kg due to increased offtake by industrial units and coin makers.Marketmen said easing demand from local jewellers and retailers at existing levels weighed on gold prices but a firm trend overseas capped the fall.Globally, gold rose 0.32 percent to USD 1,234.30 an ounce. Silver too traded 0.60 percent higher at USD 16.70 an ounce in Singapore. In the national capital, gold of 99.9 and 99.5 percent purity fell by Rs 30 each to Rs 28,600 and Rs 28,450 ...

  Gold prices fell by 0.94% on Tuesday in the physical market to Rs 28,800 per 10 gm from Rs 29,075 per 10 gm on Monday giving the Indians a chance to buy gold even after Akshay Tritiya that saw gold demand going up by 15% -30% on last Friday.  In the international market, gold prices on Tuesday were near three-week lows hit in the previous session on diminishing demand for safe-haven bullion as Asian equities rallied and the US dollar gained versus the yen. Spot gold was mostly unchanged at $1,256.77 per ounce.  The Indian rupee on Tuesday strengthened against the US dollar, tracking gains in the Asian currencies markets. The rupee opened at 64.14 a dollar and touched a high of 64.12. At 9.15am, the rupee was trading at 64.15 a dollar, up 0.15% from its Friday’s close of 64.25. On Monday, markets were closed due to World Labour Day. At around 1 pm rupee was trading at64.18 against dollar. Contact us: - +91-9913158794 Or visit:- http://www.profitstreet.in/...

Asian shares edged up on Wednesday, helped by way of a soar in chinese shares, though investors held off from making big bets before a extremely-expected summit between U.S. President Donald Trump and his chinese counterpart Xi Jinping gets underway on Thursday. European stocks have been set to practice Asia's regular lead with index futures pointing to a moderately greater start. chinese language development shares had been among the prime gainers after Beijing on Saturday introduced plans to construct Xiongan New space, modelled on the Shenzhen special financial zone next to Hong Kong that helped kickstart China's economic reforms in 1980. "it is a very headline-pushed market and the only supply of optimism is the new economic zone information over the weekend - however that is not going to be sustainable," said Conita Hung, an independent market strategist in Hong Kong. Shares in additional than 30 listed companies viewed prone to benefit from the ne...

Johannesburg - Gold prices fell on Monday on a company greenback and as buyers booked profits after bullion recorded its best quarter in a yr on Friday. Spot gold edged lower by way of zero.2 % to $1246.eighty four (R16 705.eighty) per ounce at 9.30am in the big apple, while US gold futures slipped 0.2 % to $1248.9. The buck index reinforced 0.15 percent against a basket of main currencies, pulling away from four-month lows plumbed closing week. “Gold is stuck between $1238 to $1260 with the danger to skewed to downside in response to rising anticipated interest rates and failure to interrupt greater which has left it liable to revenue-taking within the brief term,” mentioned Ole Hansen, the head of commodity technique at Saxo bank. A Federal Reserve professional stated on Friday that the Fed may pause rate of interest hikes when it starts offevolved shedding its bond holdings, a transfer that might merit gold. Gold is extremely exposed to interest rates as they raise...