On MCX, gold futures were up 0.2% to Rs 44,295 per 10 grams, after falling to Rs 44,150 in the previous session
The theme of this article is to discuss the factors that are acting as a roadblock or as a hump, slowing down the speed of the gains in commodities
Gold prices have declined by over ₹12,000 per 10 gram from its highs of Rs 56,200 in August 2020
On MCX, gold futures fell 0.4% to a 10-month low of Rs 44,768 per 10 gram, while silver slid 0.8% to Rs 67,473 per kg
Experts believe increase in the pace of the vaccinations and the additional fiscal stimulus expected in the US may continue to weigh on gold prices
Gold and silver prices are expected to slip further on the back of rise in US dollar, feel experts
One must wait for some more correction to buy gold as the the rising bond yields may continue to cap upside: Expert
The demand for the yellow metal therefore may remain elevated as it considered a hedge against inflation and currency debasement, expert said.
Gold may test levels of Rs 47,500-47,700 in the near term, said Kunal Shah, Head-Commodities & Currency Research at Nirmal Bang
Rising bond yield and recovery in economies seem to be affecting gold and silver demand, said Anuj Gupta, Deputy Vice- President, Commodity and Curren