Gold Safe Haven
Market Today: GIFT Nifty, Maharashtra election, Enviro Infra IPO, Dow Jones
At 6:54 AM, GIFT Nifty futures were trading 395 points higher at 24,281.5, indicating a gap-up start for the bourses
 "Market Today: GIFT Nifty, Maharashtra election, Enviro Infra IPO, Dow Jones")
Market Today: HUL Q2, Gold at record, IMF on India, Waaree IPO last day
On October 22, foreign institutional investors continued their selling spree, offloading shares worth Rs 3,978.61 crore, while domestic institutional investors bought shares totaling Rs 5,869.06 crore
 "Market Today: HUL Q2, Gold at record, IMF on India, Waaree IPO last day")
Gold trading Strategy: Avoid large short positions; check key levels here
Spot gold at the time of the MCX closing was trading at $2624, up around 0.55 per cent on the day. The MCX December Gold contract at Rs 75,152 (LTP) was up nearly 0.30 per cent.
 "Gold trading Strategy: Avoid large short positions; check key levels here")
Gold strategy on October 9: Support at Rs 73,000; Resistance at Rs 76,300
Spot gold crashed to breach the crucial support around $2620 on Tuesday as commodities witnessed across-the-board selling.
Stock Market Today: Middle East war, Oil prices, US jobless claims, FIIs
At 7:06 AM, GIFT Nifty futures also indicated a weak start for the bourses, trading 66 points lower at 25,410 levels.
 "Stock Market Today: Middle East war, Oil prices, US jobless claims, FIIs")
Yellow metal strategy: UBS raises Gold target to $2,750 by end of 2024
UBS analysts have raised gold's target to $2,750 per oz by end-2024 (from $2,600 per oz), $2,850 per oz by mid-2025 (from $2,700 per oz), and $2,900 per oz by end-3Q25 (from $2,750 per oz)
 "Yellow metal strategy: UBS raises Gold target to $2,750 by end of 2024")
Gold strategy: Yellow metal may extend its rally; Support at Rs 75,500
Gold hit a fresh record high of $2664 and closed with a hefty gain of 1.09 per cent at $2657.
 "Gold strategy: Yellow metal may extend its rally; Support at Rs 75,500")
Gold trading strategy today: Resistance at Rs 75,100; Support at Rs 71,800
US yields and the US Dollar Index surged on no recession talks, which sent the yellow metal to $2547 in today's Asian session.
 "Gold trading strategy today: Resistance at Rs 75,100; Support at Rs 71,800")
Gold price slips Rs 10 to Rs 68,720, silver declines Rs 100 to Rs 88,400
The price of 22-carat gold slipped Rs 10, with the yellow metal trading at Rs 62,990
 "Gold price slips Rs 10 to Rs 68,720, silver declines Rs 100 to Rs 88,400")
Gold Strategy: Buy the dips towards Rs 71,400; Support near Rs 71,500
The MCX Gold August contract was down by 0.11 per cent at its LTP of Rs 72,193. Risk appetite remains weak as wider markets swoon
Gold price slips Rs 10 to Rs 72,260, silver down Rs 100 at Rs 84,900
The price of 22-carat gold also went down by Rs 10, with the yellow metal selling at Rs 66,360
 "Gold price slips Rs 10 to Rs 72,260, silver down Rs 100 at Rs 84,900")
Why are gold prices rising? Chris Wood of Jefferies explains
China's official gold reserves, Wood said, have increased by 314 tonnes, or 16.1 per cent, from 1,948 tonnes at the end of October 2022 to 2,262 tonnes at the end of March 2024
 "Why are gold prices rising? Chris Wood of Jefferies explains")
Gold delivers 60% return in last 4 years, expected to touch Rs 63,000
If you bought gold during Diwali 2019, by this Diwali you would have been sitting on 60 per cent returns on your domestic Gold investments, said Motilal Oswal Financial Services
 "Gold delivers 60% return in last 4 years, expected to touch Rs 63,000")
India's gold bar, coin investments touch 55 tonnes, highest since 2015
Demand jumped 20% y/y and was 38% higher than its five-year quarterly average of 40t.
 "India's gold bar, coin investments touch 55 tonnes, highest since 2015")
What drives shiny metal's price up or down, explains World Gold Council
During periods of turmoil, gold tends to make headlines as fans of the precious metal argue it can act as a safe haven. But is it also an inflation hedge? Is it considered a risk asset?
 "What drives shiny metal's price up or down, explains World Gold Council")
Gold needs to clear this hurdle for sentiment revival, shows chart
The MCX Gold October futures need to overcome the resistance at Rs 59,930, for fresh buying to emerge, indicates technical chart.
 "Gold needs to clear this hurdle for sentiment revival, shows chart")
Fed slowdown expectations drive gold towards second quarterly rise
Gold prices held steady on Friday, but the safe-haven metal was bound for its second straight quarterly gain after recent banking turmoil
More glitter: Multi-asset allocation funds burnish gold's safe-haven appeal
Worth its weight in Gold: Saw portfolio increase of 1-6 percentage points in November-December 2022
 "More glitter: Multi-asset allocation funds burnish gold's safe-haven appeal")
Gold to retain its glitter; may touch Rs 60,000 per 10 grams level in 2023
Market experts opined that Russia-Ukraine conflict led to a short-term spike in gold prices before it began falling amid stronger dollar and spike in crude oil prices
 "Gold to retain its glitter; may touch Rs 60,000 per 10 grams level in 2023")
Gold trading at Rs 52,640 per 10 grams, silver selling at Rs 61,700 per kg
The price of ten grams of 22-carat gold in Delhi, Bengaluru, and Chennai is Rs 48,360, Rs 48,290, and Rs 49,010, respectively.
 "Gold trading at Rs 52,640 per 10 grams, silver selling at Rs 61,700 per kg")
