Major indices registered a decline of approximately 0.80% each, with mid-cap and small-cap indices also falling by around 1%, currency market shows weak trend as well
ETF and investment flow into gold are increasing, reflecting growing investor confidence; given this favourable environment, the global gold price could hit $3,000 in the coming months.
The report, which speaks about a troubling trend, indicates that the proportion of individual investors in futures and options (F&O) who recorded losses rose to 91.1% in 2024
Gold and silver prices today: In Delhi, 10 gm of 24 carat gold was at Rs 73181.0 and 1 kg of silver was Rs.85100.0. Keeping abreast of global trends, the Kerala market also witnessed a dip in prices.
Gold demand in India: Industry experts anticipate a robust increase in gold purchases for Diwali, Akshaya Tritiya, and the wedding season after import duty cut.
Gold prices opened flat today on the MCX at Rs 71,530/10 gm amid US Fed rate cut buzz. Investors advised to maintain a buy-on-dips strategy with support at Rs 71,000 and resistance at Rs 72,800/10 gm.
MCX gold opens at ₹70,303 per 10 grams, quickly reaching ₹70,398 intraday. Meanwhile, Kerala gold prices experience a modest rise, with a slight increase noted today.