No Result
View All Result
SUBMIT YOUR ARTICLES
  • Login
Friday, October 3, 2025
TheAdviserMagazine.com
  • Home
  • Financial Planning
    • Financial Planning
    • Personal Finance
  • Market Research
    • Business
    • Investing
    • Money
    • Economy
    • Markets
    • Stocks
    • Trading
  • 401k Plans
  • College
  • IRS & Taxes
  • Estate Plans
  • Social Security
  • Medicare
  • Legal
  • Home
  • Financial Planning
    • Financial Planning
    • Personal Finance
  • Market Research
    • Business
    • Investing
    • Money
    • Economy
    • Markets
    • Stocks
    • Trading
  • 401k Plans
  • College
  • IRS & Taxes
  • Estate Plans
  • Social Security
  • Medicare
  • Legal
No Result
View All Result
TheAdviserMagazine.com
No Result
View All Result
Home Market Research Business

Gold price prediction: Yellow metal at 2-week high amid bond trouble. Breakout coming?

by TheAdviserMagazine
4 months ago
in Business
Reading Time: 2 mins read
A A
Gold price prediction: Yellow metal at 2-week high amid bond trouble. Breakout coming?
Share on FacebookShare on TwitterShare on LInkedIn


After witnessing some profit booking due to volatility in global bond markets and a rally in Bitcoin prices, Gold June futures contracts at MCX opened flat with a positive bias at Rs 95,600/10 grams, at their 2-week high. The prices were higher by 0.07% or Rs 64.

Additionally, silver July futures contracts also echoed a similar sentiment, opening slightly higher by Rs 255 or 0.26% at Rs 98,051/kg.

On Thursday, gold and silver settled on a weaker note in the domestic and international markets. Gold June futures contract settled at Rs 95,536 per 10 grams with a loss of 0.07%, and silver July futures contract settled at Rs 97,796 per kilogram with a loss of 0.46%.

Gold and silver showed very high volatility and gained in the early trading session but were unable to hold their gains amid profit taking from higher levels on Thursday, as volatility in the global bond markets and solid gains in Bitcoin gave reason to investors for profit booking in precious metals.

The U.S. 20-year bond auction on Wednesday received lack luster response from investors, and after that, the U.S. 30-year bond yields surpassed 5.0% levels for the first time since October 2023. The Japanese 30-year bond yields also surged to record 3.18% levels on Thursday and increasing uncertainty in the global financial markets.

Live Events

“Weakness in the global equity and geopolitical tensions could continue to support safe-haven buying for precious metals,” said Manoj Kumar Jain of Prithvifinmart Commodity Research.“We expect gold and silver prices to remain volatile in today’s session amid volatility in the dollar index, volatility in the global bond markets and middle-east tensions; gold prices could hold its support level of $3,240 per troy ounce and silver prices could also hold $32.40 per troy ounce levels on a closing basis,” he added.Today, the US Dollar Index, DXY, was hovering near the 99.65 mark, falling 0.32 or 0.32%.

How to trade gold?

Manoj Kumar Jain suggested the following ranges for gold and silver on MCX:Gold has support at Rs 95,050-94600 and resistance at Rs 96,000-96,650 Silver has support at Rs 97,000-96,300 and resistance at Rs 98,500-99,300Jain suggests a buy-on-dips strategy for gold and silver amid higher volatility in the global financial markets.

Gold’s trading range for today is Rs 94,600-96,650, and for silver at Rs 96,300-99,300.

Gold rates in physical markets

Gold Price today in Delhi

Standard gold (22 carat) prices in Delhi stand at Rs 57,120/8 grams while pure gold (24 carat) prices stand at Rs 60,936/8 grams.

Gold Price today in Mumbai

Standard gold (22 carat) prices in Mumbai stand at Rs 56,960/8 grams while pure gold (24 carat) prices stand at Rs 60,696/8 grams.

Gold Price today in Chennai

Standard gold (22 carat) prices in Chennai stand at Rs 56,736/8 grams while pure gold (24 carat) prices stand at Rs 60,528/8 grams.

Gold Price today in Hyderabad

Standard gold (22 carat) prices in Hyderabad stand at Rs 56,744/8 grams while pure gold (24 carat) prices stand at Rs 60,496/8 grams.

(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times)



Source link

Tags: 2WeekbondBreakoutcomingGoldHighmetalPredictionPriceTroubleYellow
ShareTweetShare
Previous Post

GOP bill cuts social spending—but popular tax break for hedge funds survives

Next Post

CFTC Might Regulate Crypto Perpetual Futures “Very Soon”: Commissioner Mersinger

Related Posts

edit post
Earnings momentum, banks and discretionary consumption to drive market upside: Tushar Bohra

Earnings momentum, banks and discretionary consumption to drive market upside: Tushar Bohra

by TheAdviserMagazine
October 3, 2025
0

Markets may be on the verge of a turnaround as earnings momentum is set to accelerate, according to Tushar Bohra,...

edit post
Tesla vehicle sales made a comeback last quarter. Will a lost EV tax credit end the rebound?

Tesla vehicle sales made a comeback last quarter. Will a lost EV tax credit end the rebound?

by TheAdviserMagazine
October 3, 2025
0

During a rough week for electric-vehicle makers in the U.S., Tesla investors got at least one piece of good news...

edit post
Investor education key to counter get-rich-quick culture: Sunil Subramaniam

Investor education key to counter get-rich-quick culture: Sunil Subramaniam

by TheAdviserMagazine
October 3, 2025
0

A recent survey showing that 62% of retail investors follow advice from financial influencers has sparked a wider debate on...

edit post
Japan’s next leader may be its first woman or youngest in modern era

Japan’s next leader may be its first woman or youngest in modern era

by TheAdviserMagazine
October 2, 2025
0

Japan stands a good chance of having its first woman prime minister or its youngest leader in the modern era...

edit post
Upcoming LG India IPO nears valuation of South Korea parent

Upcoming LG India IPO nears valuation of South Korea parent

by TheAdviserMagazine
October 2, 2025
0

Mumbai: LG Electronics India's market value, as per the pricing of its upcoming initial public offering (IPO), is nearly on...

edit post
‘I don’t know why I need to go to college’: Ford CEO says his Gen Z son worked as a mechanic and wondered if the 4-year degree was still worth it

‘I don’t know why I need to go to college’: Ford CEO says his Gen Z son worked as a mechanic and wondered if the 4-year degree was still worth it

by TheAdviserMagazine
October 2, 2025
0

Ford CEO Jim Farley gathered a host of experts this week to discuss what he calls “the essential economy,” the...

Next Post
edit post
CFTC Might Regulate Crypto Perpetual Futures “Very Soon”: Commissioner Mersinger

CFTC Might Regulate Crypto Perpetual Futures “Very Soon”: Commissioner Mersinger

edit post
Venture Global (VG) Set to Become the Largest LNG Player in America

Venture Global (VG) Set to Become the Largest LNG Player in America

  • Trending
  • Comments
  • Latest
edit post
What Happens If a Spouse Dies Without a Will in North Carolina?

What Happens If a Spouse Dies Without a Will in North Carolina?

September 14, 2025
edit post
California May Reimplement Mask Mandates

California May Reimplement Mask Mandates

September 5, 2025
edit post
Does a Will Need to Be Notarized in North Carolina?

Does a Will Need to Be Notarized in North Carolina?

September 8, 2025
edit post
DACA recipients no longer eligible for Marketplace health insurance and subsidies

DACA recipients no longer eligible for Marketplace health insurance and subsidies

September 11, 2025
edit post
‘Quiet luxury’ is coming for the housing market, The Corcoran Group CEO says. It’s not just the Hamptons, Aspen, and Miami anymore

‘Quiet luxury’ is coming for the housing market, The Corcoran Group CEO says. It’s not just the Hamptons, Aspen, and Miami anymore

September 9, 2025
edit post
Tips to Apply for Mental Health SSDI Without Therapy

Tips to Apply for Mental Health SSDI Without Therapy

September 19, 2025
edit post
Deutsche Bank Starts Covering Array Technologies, Inc. (ARRY) with Buy Rating and  Price Target

Deutsche Bank Starts Covering Array Technologies, Inc. (ARRY) with Buy Rating and $11 Price Target

0
edit post
New Hires Fell To 16-Year Low In September

New Hires Fell To 16-Year Low In September

0
edit post
La Fondazione Ethereum svela la prossima fase della sua rivoluzione sulla privacy

La Fondazione Ethereum svela la prossima fase della sua rivoluzione sulla privacy

0
edit post
Prediction markets see government shutdown lasting nearly two weeks

Prediction markets see government shutdown lasting nearly two weeks

0
edit post
The Unexpected Expense of Upscale Senior Communities

The Unexpected Expense of Upscale Senior Communities

0
edit post
Earnings momentum, banks and discretionary consumption to drive market upside: Tushar Bohra

Earnings momentum, banks and discretionary consumption to drive market upside: Tushar Bohra

0
edit post
La Fondazione Ethereum svela la prossima fase della sua rivoluzione sulla privacy

La Fondazione Ethereum svela la prossima fase della sua rivoluzione sulla privacy

October 3, 2025
edit post
Earnings momentum, banks and discretionary consumption to drive market upside: Tushar Bohra

Earnings momentum, banks and discretionary consumption to drive market upside: Tushar Bohra

October 3, 2025
edit post
Tesla vehicle sales made a comeback last quarter. Will a lost EV tax credit end the rebound?

Tesla vehicle sales made a comeback last quarter. Will a lost EV tax credit end the rebound?

October 3, 2025
edit post
Investor education key to counter get-rich-quick culture: Sunil Subramaniam

Investor education key to counter get-rich-quick culture: Sunil Subramaniam

October 3, 2025
edit post
BNB Leads Crypto Market Rally With Fresh All-Time High, Expert Sees 00 Upside

BNB Leads Crypto Market Rally With Fresh All-Time High, Expert Sees $5000 Upside

October 3, 2025
edit post
New Hires Fell To 16-Year Low In September

New Hires Fell To 16-Year Low In September

October 3, 2025
The Adviser Magazine

The first and only national digital and print magazine that connects individuals, families, and businesses to Fee-Only financial advisers, accountants, attorneys and college guidance counselors.

CATEGORIES

  • 401k Plans
  • Business
  • College
  • Cryptocurrency
  • Economy
  • Estate Plans
  • Financial Planning
  • Investing
  • IRS & Taxes
  • Legal
  • Market Analysis
  • Markets
  • Medicare
  • Money
  • Personal Finance
  • Social Security
  • Startups
  • Stock Market
  • Trading

LATEST UPDATES

  • La Fondazione Ethereum svela la prossima fase della sua rivoluzione sulla privacy
  • Earnings momentum, banks and discretionary consumption to drive market upside: Tushar Bohra
  • Tesla vehicle sales made a comeback last quarter. Will a lost EV tax credit end the rebound?
  • Our Great Privacy Policy
  • Terms of Use, Legal Notices & Disclosures
  • Contact us
  • About Us

© Copyright 2024 All Rights Reserved
See articles for original source and related links to external sites.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • Home
  • Financial Planning
    • Financial Planning
    • Personal Finance
  • Market Research
    • Business
    • Investing
    • Money
    • Economy
    • Markets
    • Stocks
    • Trading
  • 401k Plans
  • College
  • IRS & Taxes
  • Estate Plans
  • Social Security
  • Medicare
  • Legal

© Copyright 2024 All Rights Reserved
See articles for original source and related links to external sites.