Praveen Singh is an associate vice president of fundamental currencies and commodities at Sharekhan by BNP Paribas.
Praveen Singh is an associate vice president of fundamental currencies and commodities at Sharekhan by BNP Paribas.
Silver trading strategy: Support is at $30 (Rs 90,200)/$29.60 (Rs 89,000). Resistance is at $31.10 (Rs 93,400)/$31.50 (Rs 94,600)/$31.85 (Rs 95,600)
Gold rate in share market: Recovery in gold prices is being driven primarily by a sharp decline in the US yields and a retreat in the US Dollar Index
Gold price today: Gold is expected to range trade ahead of the US CPI report
Silver rate today: The metal may recover should the US CPI data turn out to be subdued, though upside is likely to be capped
Gold rate today: A weaker-than-expected US job data may help the metal test the crucial resistance in $2,690-$2,700, says analyst at Mirae Asset Sharekhan
Silver trading strategy: Stable US yields may help Silver test the resistance around $30.20 in ultra-short term, though buying the dips is advisable over chasing the rally
Spot gold traded in the range of $2,621-$2,661 on January 2
With a constrained supply growth and rising industrial usages, silver is mostly headed for a fifth straight year of deficit in 2025
On December 26, spot gold rose on flattish US Dollar and mixed US weekly job data
Silver price today: Outlook for Silver remains weak, but it is looking somewhat oversold currently; hence, caution is warranted in selling
Gold price today: Bears eye $2537 (Rs 74,000), the cycle-low made on November 14, for Gold. Resistance is at $2630 (Rs 76,700)
Silver price today: The metal may briefly dip to $29.65 level (Rs 88,500) in the near-term, though downside may also be limited as China's stimulus hopes will support the metal
Gold price today: Spot gold is likely to consolidate ahead of the US FOMC monetary policy decision due tonight
Gold price today: The World Gold Council, in a report released on December 12, stated that after a record-breaking year of 2024, the metal is expected to rise at a slower pace in 2025
Silver price today: Lack of China's specific details is bearish for Silver
Spot silver is changing hands at $31.37, up around 0.22 per cent on the day, at the time of writing this report
Spot gold at the time of writing this report is trading at $2,631, down nearly 0.76 per cent on the day
As industrial commodities remain under pressure due to lack of China's fiscal stimulus and concerns over trade friction, silver will rely on geopolitical development for its upward traction
Spot gold is expected to be choppy on crosscurrents of haven demand on geopolitical worries and healthy risk appetite
The metal consolidated its losses on Tuesday and was trading nearly 0.18 per cent up at $30.36 at the time of writing this report