Here is an extensive daily list to give you the most recent information on silver prices in India's key cities
Click to view the details of the gold rate on 25th June
The gold COMEX rate stands at $2,328.40, experiencing a slight decline of $2.40, which translates to a 0.10% drop. The highest price for the day reached $2,335.80, while the lowest dipped to $2,322.00. The market opened at $2,331.80. This fluctuation reflects the dynamic nature of the gold market, influenced by various economic factors and investor sentiments.
"Gold prices slipped on Tuesday due to a rise in the dollar and Treasury yields as investors anticipated U.S. inflation data expected later this week, which could influence the timing of Federal Reserve interest rate cuts this year. Despite this dip, global physically backed gold ETFs saw inflows of $212 million, or 2.1 metric tons, last week, according to the World Gold Council. Non-yielding bullion, which hit a record high on May 20, is up 12% this year, buoyed by expectations of Fed rate cuts and strong central bank purchases amid geopolitical tensions. This week, traders are focused on the upcoming U.S. first-quarter GDP estimates on Thursday and the PCE price index report on Friday.", says Mr. Prathamesh Mallya, DVP-Research, Non-Agri Commodities and Currencies, Angel One Ltd.
Nifty opened with a slight positive gap, starting the day on an upbeat note. Prices initially moved within a narrow range, but strong performance in the banking sector led to significant gains in the second half, pushing Nifty above 23,700 and closing with a 0.78% gain. This renewed momentum, driven by strategic buying in key heavyweights, particularly banks, suggests further upward movement is likely. The next targets are 23,900 and the psychological level of 24,000. Immediate support is at 23,650, with strong support around 23,550. Sector rotation is expected to continue, especially ahead of the monthly expiry and upcoming budget, says Sameet Chavan, Head Research, Technical and Derivative - Angel One
These data points offer valuable insights into market trends and the factors affecting price movements, helping investors navigate the gold market more effectively. Nonetheless, investors should perform their own due diligence before making any investment choices.
Throughout the day, investors should stay alert and closely watch gold rates for new trends or market changes. Being informed about daily price fluctuations can aid in identifying potential trading opportunities and support well-informed investment decisions.
For daily updates and detailed analysis of gold rates, follow our coverage on Business Insider India.
Disclaimer: The content on this website is for informational purposes only and should not be construed as investment advice. Rates are subject to change from time to time and across multiple geographical locations. We recommend readers consult certified, qualified and registered advisors for professional and personalised financial advice.