Latest news with #RahulKalantri
Economic Times
18 hours ago
- Business
- Economic Times
Gold prices sustain above Rs 98k. How to trade the yellow metal ahead of Fed meeting outcome?
Live Events How to trade gold? Manoj Kumar Jain suggested the following ranges for gold and silver on MCX: Gold has support at Rs 98,080-97,700 and resistance at Rs 98,800-99,120 has support at Rs 98,080-97,700 and resistance at Rs 98,800-99,120 Silver has support at Rs 1,12,200-1,11,650 and resistance at Rs 1,13,850-1,14,400 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 (You can now subscribe to our (You can now subscribe to our ETMarkets WhatsApp channel As a stronger dollar index reduced the appeal for safe haven buying, Gold October futures contracts at MCX today were trading flat at Rs 98,490/10 grams, up by Rs 47 or 0.05%, while the silver September futures contracts were trading higher by Rs 256 or 0.23% at Rs 1,13,309/ Monday, gold and silver settled on a mixed note in the domestic market and on a weak note in the international markets. Gold October futures contract settled at Rs 98,443 per 10 grams with a loss of 0.41% while the silver September futures contract settled at Rs 1,13,053 per kilogram with a gain of 0.001%.Gold and silver extended their fall after the US and European Union finalised a trade deal over the weekend. The dollar index surged to 2-week highs after the US trade deal with the European Union and easing safe-haven buying for precious metals.'The U.S. equity markets extend their gains and also push gold and silver prices lower. Traders are also looking cautious ahead of the Fed monetary policy meetings and key U.S. economic data,' said Manoj Kumar Jain of Prithvifinmart Commodity the U.S. trade deal with numerous nations before the tariff deadline of August 1 looks uncertain and could support gold and silver prices at lower in the rupee is also supporting gold and silver prices in the domestic markets. Today, the US Dollar Index, DXY, was hovering near the 98.70 mark, gaining 0.07 or 0.07%.'We expect gold and silver prices to remain volatile this week amid volatility in the global financial markets, the Fed monetary policy meeting and the U.S. trade tariff deadline but gold prices could hold its support level of $3,280 per troy ounce and silver prices could also hold $36.40 per troy ounce levels on a weekly closing basis,' he added.'Strength in US equity markets added further bearish pressure on bullion. Nevertheless, lingering uncertainties about US trade negotiations with other nations ahead of the August 1st tariff deadline could offer price support,' added Rahul Kalantri, VP Commodities at Mehta believes that in India, a weaker rupee remains a supportive factor for domestic bullion rates.'We are expecting short coverings in gold and silver ahead of the Fed monetary policy meeting and suggest avoiding short positions at current levels,' Jain Rahul Kalantri noted that gold has support at Rs 97,280-96,980 while resistance is seen at Rs 97,950-98,280. Additionally, silver has support at Rs 1,12,380-1,11,450 while resistance is placed at Rs 1,13,850-1,14, gold (22 carat) prices in Delhi stand at Rs 57,344/8 grams while pure gold (24 carat) prices stand at Rs 61,200/8 gold (22 carat) prices in Mumbai stand at Rs 57,520/8 grams while pure gold (24 carat) prices stand at Rs 61,264/8 gold (22 carat) prices in Chennai stand at Rs 57,032/8 grams while pure gold (24 carat) prices stand at Rs 60,744/8 gold (22 carat) prices in Hyderabad stand at Rs 56,920/8 grams while pure gold (24 carat) prices stand at Rs 60,696/8 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
18 hours ago
- Business
- Time of India
Gold prices sustain above Rs 98k. How to trade the yellow metal ahead of Fed meeting outcome?
Live Events How to trade gold? Manoj Kumar Jain suggested the following ranges for gold and silver on MCX: Gold has support at Rs 98,080-97,700 and resistance at Rs 98,800-99,120 has support at Rs 98,080-97,700 and resistance at Rs 98,800-99,120 Silver has support at Rs 1,12,200-1,11,650 and resistance at Rs 1,13,850-1,14,400 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 (You can now subscribe to our (You can now subscribe to our ETMarkets WhatsApp channel As a stronger dollar index reduced the appeal for safe haven buying, Gold October futures contracts at MCX today were trading flat at Rs 98,490/10 grams, up by Rs 47 or 0.05%, while the silver September futures contracts were trading higher by Rs 256 or 0.23% at Rs 1,13,309/ Monday, gold and silver settled on a mixed note in the domestic market and on a weak note in the international markets. Gold October futures contract settled at Rs 98,443 per 10 grams with a loss of 0.41% while the silver September futures contract settled at Rs 1,13,053 per kilogram with a gain of 0.001%.Gold and silver extended their fall after the US and European Union finalised a trade deal over the weekend. The dollar index surged to 2-week highs after the US trade deal with the European Union and easing safe-haven buying for precious metals.'The U.S. equity markets extend their gains and also push gold and silver prices lower. Traders are also looking cautious ahead of the Fed monetary policy meetings and key U.S. economic data,' said Manoj Kumar Jain of Prithvifinmart Commodity the U.S. trade deal with numerous nations before the tariff deadline of August 1 looks uncertain and could support gold and silver prices at lower in the rupee is also supporting gold and silver prices in the domestic markets. Today, the US Dollar Index, DXY, was hovering near the 98.70 mark, gaining 0.07 or 0.07%.'We expect gold and silver prices to remain volatile this week amid volatility in the global financial markets, the Fed monetary policy meeting and the U.S. trade tariff deadline but gold prices could hold its support level of $3,280 per troy ounce and silver prices could also hold $36.40 per troy ounce levels on a weekly closing basis,' he added.'Strength in US equity markets added further bearish pressure on bullion. Nevertheless, lingering uncertainties about US trade negotiations with other nations ahead of the August 1st tariff deadline could offer price support,' added Rahul Kalantri, VP Commodities at Mehta believes that in India, a weaker rupee remains a supportive factor for domestic bullion rates.'We are expecting short coverings in gold and silver ahead of the Fed monetary policy meeting and suggest avoiding short positions at current levels,' Jain Rahul Kalantri noted that gold has support at Rs 97,280-96,980 while resistance is seen at Rs 97,950-98,280. Additionally, silver has support at Rs 1,12,380-1,11,450 while resistance is placed at Rs 1,13,850-1,14, gold (22 carat) prices in Delhi stand at Rs 57,344/8 grams while pure gold (24 carat) prices stand at Rs 61,200/8 gold (22 carat) prices in Mumbai stand at Rs 57,520/8 grams while pure gold (24 carat) prices stand at Rs 61,264/8 gold (22 carat) prices in Chennai stand at Rs 57,032/8 grams while pure gold (24 carat) prices stand at Rs 60,744/8 gold (22 carat) prices in Hyderabad stand at Rs 56,920/8 grams while pure gold (24 carat) prices stand at Rs 60,696/8 grams.: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times)
News18
20 hours ago
- Business
- News18
Gold Rate Today, July 29: Yellow Metal Falls On MCX
Last Updated: Gold And Silver Prices Today, July 29: In Mumbai, the price of gold stands at Rs 91,590 per 10 grams for 22-carat and Rs 99,920 per 10 grams for 24-carat. Gold, Silver Prices In India Today, July 29: Gold and silver continued their downward trajectory as investor sentiment shifted following the finalised trade agreement between the US and the European Union. In Mumbai, the price of gold stood at Rs 91,590 per 10 grams for 22-carat and Rs 99,920 per 10 grams for 24-carat. Silver declined by Rs 100 to Rs 1,15,900 per kg. In the futures market on the MCX, gold futures (expiring on August 5, 2025) were trading higher by 0.10% at Rs 97,640 per 10 gram, while silver (expiring on September 5, 2025) rose by 0.15% to trade at Rs 1,13,226 per kg. Rahul Kalantri, vice-president (commodities) of Mehta Equities Ltd, said, 'Gold and silver continued their downward trajectory as investor sentiment shifted following the finalised trade agreement between the US and the European Union. This deal triggered a surge in the dollar index — reaching its highest level in two weeks — and reduced the appeal of safe-haven assets." Strength in US equity markets added further bearish pressure on bullion. Nevertheless, lingering uncertainties about US trade negotiations with other nations ahead of the August 1st tariff deadline could offer price support. In India, a weaker rupee remains a supportive factor for domestic bullion rates, he added. view comments Disclaimer: Comments reflect users' views, not News18's. Please keep discussions respectful and constructive. Abusive, defamatory, or illegal comments will be removed. News18 may disable any comment at its discretion. By posting, you agree to our Terms of Use and Privacy Policy.
News18
7 days ago
- Business
- News18
Gold Rises To 5-Week High, Silver Touches 14-Year High: Check 24, 22 Carat Gold Rates In Your City On July 23
Gold, Silver Prices Today, July 23: In Mumbai, the price of gold stands at Rs 93,800 per 10 grams for 22-carat and Rs 1,02,330 per 10 grams for 24-carat. Gold, Silver Prices In India Today, July 23: Gold prices witnessed a jump on Wednesday, as the countdown to the US trade tariff deadline stoked global uncertainty. However, the US-Japan deal capped the upside move. In Mumbai, the price of gold stood at Rs 93,800 per 10 grams for 22-carat and Rs 1,02,330 per 10 grams for 24-carat. Silver also declined by Rs 100 to trade at Rs 1,18,100 per kg. However, in the futures market on the MCX, gold futures (expiring on August 5, 2025) were trading higher by 0.06% at Rs 1,00,390 per 10 gram, while silver (expiring on September 5, 2025) rose by 0.49% to trade at Rs 1,16,216 per kg. Rahul Kalantri, vice-president (commodities) of Mehta Equities, said, 'Gold and silver rallied further as the countdown to the US trade tariff deadline stoked global uncertainty. President Donald Trump's warning to escalate tariffs unless a deal is struck by August 1 has pushed investors towards safe-haven assets. Gold soared to a 5-week high and silver nearly touched a 14-year record. Weakness in both the US dollar index and treasury yields, amid expectations of policy easing, supported the rally. On the domestic front, rupee depreciation against the dollar added upward pressure on bullion prices. However, a surprise trade deal with Japan provided some support to currency markets thereby restricting further gains in bullion." International market rates, import duties, taxes, and fluctuations in exchange rates primarily influence gold prices in India. Together, these factors determine the daily gold rates across the country. In India, gold is deeply cultural and financial. It is a preferred investment option and is key to celebrations, particularly weddings and festivals. With constantly changing market conditions, investors and traders monitor fluctuations closely. Staying updated is crucial for effectively navigating dynamic trends. First Published: Disclaimer: Comments reflect users' views, not News18's. Please keep discussions respectful and constructive. Abusive, defamatory, or illegal comments will be removed. News18 may disable any comment at its discretion. By posting, you agree to our Terms of Use and Privacy Policy.
News18
22-07-2025
- Business
- News18
Gold Price Today: Yellow Metal Jumps Over Rs 1100; Check City-Wise Rates On July 22
Last Updated: Gold prices in India rose by Rs 1,140 per 10 grams for 24-carat, reaching Rs 1,01,290 in Mumbai. Silver increased by Rs 200 per kg. Gold, Silver Prices In India Today, July 22: Gold price appreciated on Tuesday by Rs 1,140 to reclaim Rs 1 lakh-mark per 10 gram for 24-carat. Silver also witnessed a sharp rise to gain Rs 200 in the morning session. In Mumbai, gold was trading at Rs 1,01,290 per 10 gram for 24-carat and Rs 92,850 per 10 gram for 22-carat. Silver, on the other hand, was trading at Rs 1,18,000 per kg. The precious metals are being boosted by a solidly lower U.S. dollar index and a decline in U.S. Treasury yields. The U.S. trade tariff uncertainty is supported safe-haven buying for precious metals once again, explained Rahul Kalantri, VP Commodities, Mehta Equities. He added that 'in India, the rupee came under pressure following NATO's warning of secondary sanctions on Russian oil imports—lending additional support to gold and silver in local markets." However, in the futures market on the MCX, gold futures (expiring on August 5, 2025) were trading marginally lower by 0.10% at Rs 99,224 per 10 gram, whereas silver (expiring on September 5, 2025) declined by 0.49% to trade at Rs 1,14,481 per kg. view comments Location : New Delhi, India, India First Published: July 22, 2025, 10:08 IST News business » savings-and-investments Gold Price Today: Yellow Metal Jumps Over Rs 1100; Check City-Wise Rates On July 22 Disclaimer: Comments reflect users' views, not News18's. Please keep discussions respectful and constructive. Abusive, defamatory, or illegal comments will be removed. News18 may disable any comment at its discretion. By posting, you agree to our Terms of Use and Privacy Policy.
