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Economic Times
3 days ago
- Business
- Economic Times
Gold price prediction: Gold bulls eye Rs 1.10 lakh/10 gms. Should you accumulate?
Tired of too many ads? Remove Ads Tired of too many ads? Remove Ads How to trade gold? Manoj Kumar Jain suggested the following ranges for gold and silver on MCX: Gold has support at Rs 95,000-94,600 and resistance at Rs 95,800-96,160 Silver has support at Rs 97,100-96,600 and resistance at Rs 98,300-99,100 Tired of too many ads? Remove Ads Gold rates in physical markets Gold Price today in Delhi Gold Price today in Mumbai Gold Price today in Chennai Gold Price today in Hyderabad Investors booked profits in gold amid volatility linked to Trump-era tariff concerns, with June gold futures on the MCX opening lower by Rs 592, or 0.62%, at Rs 94,797 per 10 grams on Friday. This came despite preliminary GDP data showing a contraction, which had boosted bullion's safe-haven appeal in the previous ongoing price swings, analysts remain bullish on gold, projecting it could rally to Rs 1,10,000 per 10 grams within a year, citing its historical track record of delivering strong returns to Thursday, gold and silver settled on a positive note in the domestic and international markets. Gold June futures contract settled at Rs 95,389 per 10 grams with a gain of 0.12% and silver July futures contract settled at Rs 97,826 per kilogram with a gain of 0.59%.Meanwhile, on Friday, silver July futures contracts at MCX also opened lower by Rs 884 or 0.9% at Rs 96,942/ and silver showed very high price volatility on Thursday. Gold prices were sharply down after the U.S. Federal court blocked Trump's tariff plan, but prices recovered from their lows after the U.S. President said that he would appeal against the court dollar index also plunged, and the U.S. jobless claims increased larger than expected and supported precious metal prices. The dollar index hit 100 marks in the early trading session but was unable to sustain at higher levels and plunged the US Dollar Index, DXY, was hovering near the 99.44 mark, gaining 0.16 or 0.16%.The U.S. jobless claims increased last week to 2,40,000 against expectations of 2,29000. The preliminary GDP data is also showing contraction in the economic growth and supporting precious metal prices.'We expect gold and silver prices to remain volatile in today's session amid volatility in the dollar index, geo-political tensions and ahead of the key U.S. economic data; gold prices could hold its support level of $3,250 per troy ounce and silver prices could also hold $32.80 per troy ounce levels on a weekly closing basis,' said Manoj Kumar Jain of Prithvifinmart Commodity suggests buying silver around Rs 97,200-96,800 with a stop loss of Rs 96,400 for a target of Rs 98, an investor's perspective, a report by Angel One suggests that despite all the volatility, gold has historically paid good returns, and one should make investments in gold from a long-term perspective.'From a year perspective, $4000/ounce in the international markets and Rs1,10,000/10 gm in the Indian markets looks very much likely,' they that, they advise that one should wait for meaningful correction towards Rs 85,000/10 gms for gold (22 carat) prices in Delhi stand at Rs 57,800/8 grams while pure gold (24 carat) prices stand at Rs 61,584/8 gold (22 carat) prices in Mumbai stand at Rs 57,464/8 grams while pure gold (24 carat) prices stand at Rs 61,256/8 gold (22 carat) prices in Chennai stand at Rs 56,816/8 grams while pure gold (24 carat) prices stand at Rs 60,504/8 gold (22 carat) prices in Hyderabad stand at Rs 56,984/8 grams while pure gold (24 carat) prices stand at Rs 60,760/8 grams.: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times)
Time of India
3 days ago
- Business
- Time of India
Gold price prediction: Gold bulls eye Rs 1.10 lakh/10 gms. Should you accumulate?
Gold price today: Despite high volatility, analysts expect gold prices to surge to ₹1,10,000 per 10 grams within a year, citing its historical track record of delivering strong returns to investors. Tired of too many ads? Remove Ads Tired of too many ads? Remove Ads How to trade gold? Manoj Kumar Jain suggested the following ranges for gold and silver on MCX: Gold has support at Rs 95,000-94,600 and resistance at Rs 95,800-96,160 Silver has support at Rs 97,100-96,600 and resistance at Rs 98,300-99,100 Tired of too many ads? Remove Ads Gold rates in physical markets Gold Price today in Delhi Gold Price today in Mumbai Gold Price today in Chennai Gold Price today in Hyderabad Investors booked profits in gold amid volatility linked to Trump-era tariff concerns, with June gold futures on the MCX opening lower by Rs 592, or 0.62%, at Rs 94,797 per 10 grams on Friday. This came despite preliminary GDP data showing a contraction, which had boosted bullion's safe-haven appeal in the previous ongoing price swings, analysts remain bullish on gold, projecting it could rally to Rs 1,10,000 per 10 grams within a year, citing its historical track record of delivering strong returns to Thursday, gold and silver settled on a positive note in the domestic and international markets. Gold June futures contract settled at Rs 95,389 per 10 grams with a gain of 0.12% and silver July futures contract settled at Rs 97,826 per kilogram with a gain of 0.59%.Meanwhile, on Friday, silver July futures contracts at MCX also opened lower by Rs 884 or 0.9% at Rs 96,942/ and silver showed very high price volatility on Thursday. Gold prices were sharply down after the U.S. Federal court blocked Trump's tariff plan, but prices recovered from their lows after the U.S. President said that he would appeal against the court dollar index also plunged, and the U.S. jobless claims increased larger than expected and supported precious metal prices. The dollar index hit 100 marks in the early trading session but was unable to sustain at higher levels and plunged the US Dollar Index, DXY, was hovering near the 99.44 mark, gaining 0.16 or 0.16%.The U.S. jobless claims increased last week to 2,40,000 against expectations of 2,29000. The preliminary GDP data is also showing contraction in the economic growth and supporting precious metal prices.'We expect gold and silver prices to remain volatile in today's session amid volatility in the dollar index, geo-political tensions and ahead of the key U.S. economic data; gold prices could hold its support level of $3,250 per troy ounce and silver prices could also hold $32.80 per troy ounce levels on a weekly closing basis,' said Manoj Kumar Jain of Prithvifinmart Commodity suggests buying silver around Rs 97,200-96,800 with a stop loss of Rs 96,400 for a target of Rs 98, an investor's perspective, a report by Angel One suggests that despite all the volatility, gold has historically paid good returns, and one should make investments in gold from a long-term perspective.'From a year perspective, $4000/ounce in the international markets and Rs1,10,000/10 gm in the Indian markets looks very much likely,' they that, they advise that one should wait for meaningful correction towards Rs 85,000/10 gms for gold (22 carat) prices in Delhi stand at Rs 57,800/8 grams while pure gold (24 carat) prices stand at Rs 61,584/8 gold (22 carat) prices in Mumbai stand at Rs 57,464/8 grams while pure gold (24 carat) prices stand at Rs 61,256/8 gold (22 carat) prices in Chennai stand at Rs 56,816/8 grams while pure gold (24 carat) prices stand at Rs 60,504/8 gold (22 carat) prices in Hyderabad stand at Rs 56,984/8 grams while pure gold (24 carat) prices stand at Rs 60,760/8 grams.: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times)
Economic Times
25-04-2025
- Business
- Economic Times
Gold Price Today: Gold prices open slightly higher after sell-off earlier this week, open at Rs 96,120/10 g
Gold June futures contract settled at Rs 95,912 per 10 grams with a gain of 1.26% while silver May futures contract settled at Rs 97,511 per kilogram with a loss of 0.29%. Gold futures at MCX saw a rise, while silver remained flat following mixed settlements in domestic and international markets. Price volatility remained high, with gold crossing $3,300 per troy ounce due to increased U.S. jobless claims and hints of Chinese economic stimulus. Experts anticipate continued volatility, advising profit booking in gold but suggesting buying silver around Rs 97,000. Tired of too many ads? Remove Ads Tired of too many ads? Remove Ads Ranges for gold and silver by Manoj Kumar Jain: At MCX, gold has support at Rs 95,250-94,400 and resistance at Rs 96,600-97,280. Silver has support at Rs 96,850-96,200 and resistance at Rs 98,200-99,100. Gold rates in physical markets Gold Price today in Delhi Gold Price today in Mumbai Gold Price today in Chennai Tired of too many ads? Remove Ads Gold Price today in Hyderabad After a sell-off from the higher levels earlier in the week, Gold June futures contracts at MCX witnessed a surge of Rs 208 or 0.22%, opening at Rs 96,120/10 grams on Friday, while silver May futures contracts opened flat at Rs 97,440/kg, down by merely Rs 71 or 0.07%.On Thursday, gold and silver settled on a mixed note in the domestic and international markets. Gold June futures contract settled at Rs 95,912 per 10 grams with a gain of 1.26% while silver May futures contract settled at Rs 97,511 per kilogram with a loss of 0.29%.Gold and silver showed very high price volatility and gold prices showeda strong pullback on Thursday after Wednesday's sharp sell-off. Gold prices crossed $3,300 per troy ounce levels once again amid investors taking the opportunity to buy at lower levels after a surge in the U.S. jobless claims and a Chinese hint to stimulate its U.S. jobless claims surged to 2,22,000 against previous claims of 2,15,000 and existing home sales decline to 4.02 million unites against previous sales of 4.27 million units. Downbeat U.S. economic data supported gold prices at lower a rebound in the dollar index and hopes of US-China talks on trade tariffs could limit gains. Today, the US Dollar Index, DXY, was hovering near the 99.59 mark, gaining 0.8 or 0.08%.'We expect gold and silver prices to remain volatile in today's session amid volatility in the dollar index and the US-China trade war; gold prices could hold its support level of $3,200 and silver prices could also hold $29.88 per troy ounce levels,' said Manoj Kumar Jain of Prithvifinmart Commodity suggests booking profits in long positions of gold, but silver can be bought around Rs 97,000 with a stop loss of Rs 96,400 for a target of Rs 98, gold (22 carat) prices in Delhi stand at Rs 57,960/8 grams while pure gold (24 carat) prices stand at Rs 61,768/8 gold (22 carat) prices in Mumbai stand at Rs 56,984/8 grams while pure gold (24 carat) prices stand at Rs 60,752/8 gold (22 carat) prices in Chennai stand at Rs 56,768/8 grams while pure gold (24 carat) prices stand at Rs 60,536/8 gold (22 carat) prices in Hyderabad stand at Rs 56,832/8 grams while pure gold (24 carat) prices stand at Rs 60,576/8 grams.: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times)
