18th July, 2018

Daily Market Rates

India A.M. (18-07-18)

999 Gold - Rs. 29,885/-
995 Gold - Rs. 29,735/-
916 Gold - Rs. 27,375/-
750 Gold - Rs. 22,414/-
585 Gold - Rs. 17,483/-
999 Silver - Rs. 38,060/-

 

 

 

 



India P.M. (17-07-18)

999 Gold - Rs. 30,205/-
995 Gold - Rs. 30,055/-
916 Gold - Rs. 27,668/-
750 Gold - Rs. 22,654/-
585 Gold - Rs. 17,670/-
999 Silver - Rs. 38,570/-

Wednesday, July 18

The UK is to publish its latest inflation report.
The euro zone is to release revised inflation figures.
The U.S. is to publish report on building permits and housing starts.
Meanwhile, Fed Chairman Jerome Powell is to testify on the monetary policy report for a second day Washington.

Daily Gold Market Report

Midday update for Gold 18-07-2018
Gold price shows more decline to press on the bearish channel’s support line that appears on the chart, which supports the continuation of the bearish trend on the intraday and short term basis, which its next main target located at 1204.80, noting that the expected decline depends on holding below 1243.00. Expected trading range for today is between 1210.00 support and 1240.00 resistance. Expected trend for today: Bearish

Daily Silver Market Report

Midday update for Silver 18-07-2018
Silver price resumes its negative trading to break 15.49 level and moves below it now, which supports the continuation of our bearish overview efficiently for the rest of the day, as our next targets are located at 15.15 followed by 14.77, reminding you that holding below 15.80 represents key condition to achieve the suggested targets. Expected trading range for today is between 15.30 support and 15.80 resistance. Expected trend for today: Bearish

IBJA announces launch of "Indian Jewellers Week" (IJW) a dream project for manufacturers and wholesalers across India with its first edition at Zaveri Bazaar, Mumbai from 1st to 7th October 2018. IJW ,
the business at your doorstep is organised by Glambox.
Banaye Aasan Jewellery Vyapar

XAU/USD Technical Outlook: Moment of Truth for Gold Prices

Gold prices are down more than 2% from the weekly highs but continue to trade just above a critical support zone we’ve been tracking. Here are the levels that matter for XAU/USD heading into the close of the week.Review this week’s Strategy Webinar for an in-depth breakdown of this setup and more.

Gold drops more than 1 percent as dollar strengthens during Fed testimony

NEW YORK/LONDON (Reuters) - Gold declined more than 1 percent and hit its lowest in a year on Tuesday as the U.S. dollar strengthened during testimony by U.S. Federal Reserve Chairman Jerome Powell to the U.S. Congress.

Bullion bulls: This app turns gold into a digital currency

Chances are you’re not lugging a heavy, gold brick into a coffee shop to buy your daily cup of joe. But one financial technology company based in London is making it possible to satisfy your caffeine fix, or purchase countless other goods, by using the yellow metal in digital form. Glint runs a free-to-download mobile app of the same name. The app allows users to buy fractions of a physical bar of gold digitally, then use that gold to electronically buy items using an accompanying, multicurrency Mastercard Inc. MA, +1.12% debit card.

Gold steady as dollar firms on U.S. Fed rate outlook

BENGALURU (Reuters) - Gold prices on Wednesday held steady near a one-year low hit in the previous session, as the dollar firmed after Federal Reserve Chairman Jerome Powell’s U.S. economic outlook reinforced views the central bank is on track to steadily hike interest rates. Spot gold was largely unchanged at $1,227.78 an ounce at 0315 GMT. On Tuesday, it fell 1 percent and hit its lowest since last July at $1,225.58 an ounce.

Opinion: Gold is still dazzling market timers — and that’s bearish

It’s bearish for gold that market timers have been remarkably upbeat in the face of gold’s dismal performance this year. In fact, despite gold bullion GCQ8, -0.37% falling $140 an ounce since its January high, the average gold timer I track has not turned outright bearish. From a contrarian perspective that means that a tradable gold bottom is not yet upon us.

Gold settles at a 1-year low for a third straight session

Gold settled at a one-year low Tuesday for a third straight session, pressured by strength in the dollar as testimony from U.S. Federal Reserve Chairman Jerome Powell backed a steady pace of raises to benchmark interest rates. August gold GCQ8, -0.35% lost $12.40, or 1%, to settle at $1,227.30 an ounce, marking the lowest settlement for a most-active contract since July 13, 2017, according to FactSet data. Prices also finished Friday and Monday at roughly one-year lows.

A quadrillion tons of diamonds lie deep beneath the Earth's surface

s it turns out, diamonds in the Earth are much more common than we thought. About 1,000 times more common, according to the Massachusetts Institute of Technology. A new study by an interdisciplinary team of researchers used seismic technology (the same kind used to measure earthquakes) to estimate that a quadrillion tons of diamonds lie deep below the Earth's surface.

Gold steadies as weak physical demand, higher U.S. rates weigh

NEW YORK/LONDON (Reuters) - Gold steadied on Monday as weak physical demand in top-consuming regions and the expectation of higher U.S. interest rates weigh, despite the bullion-priced U.S. dollar losing steam. Spot gold lost 0.2 percent at $1,239.11 per ounce by 1:33 p.m. EDT (1733 GMT). U.S. gold futures for August delivery settled down $1.50, or 0.1 percent, at $1,239.70 per ounce. A lower U.S. currency makes dollar-denominated gold cheaper for holders of other currencies, which typically boosts bullion demand. However, low physical demand in top gold-consuming countries China and India and the continued expectation of the U.S. Federal Reserve to raise interest rates pressured bullion, traders said.

How much gold is in the FIFA World Cup Trophy?

Arguably the most coveted prize in sport, the FIFA World Cup trophy could not have been made from anything but gold. But RT wanted to find out just how much gold the trophy contains. After the French national team’s victory in the 2018 final in Russia, RT talked to precious metals experts at BullionStar, who took a closer look at the legendary trophy.

Gold Prices Plunge To 5-Month Low: 5 Things To Know

Gold prices on Wednesday tumbled by Rs. 250 to trade at over five-month low of Rs. 30,800 per 10 grams at the bullion market amid weakening global trend and considerable fall in demand from local jewellers, reported news agency Press Trust of India (PTI). Silver followed suit and dropped by Rs. 620 to Rs. 39,200 per kg on poor off take by industrial units and coin makers.

Bullion hammered, Comex silver falls below 52-weeks low

Top Five Factors That May Guide Gold Prices In Near Term


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