Get Quotes
SENSEX
73730.16

-609.28
NIFTY
22419.95

-150.40
USD-INR
83.42

-0.02
EUR-INR

Home  >   Commodity  > Pre Session Commentary > News Details
Select Items
Back
Precious Metals Preview: MCX Gold Approaches Rs 32300 Levels
(17-Jan-2019, 09:19 Hours IST)
COMEX Gold was locked in a choppy trading pattern as strength in US stock markets capped the gains. The metal currently trades at $1292.40 per ounce, down 0.10% on the day. COMEX Gold stayed well supported last week as buying stayed in place following upbeat comments from the World Gold Council (WGC). The interplay between market risk and economic growth in 2019 will drive gold demand and financial market instability, monetary policy and the US dollar and structural economic reforms would be the three key trends that will influence the price performance of the metal, noted the WGC, in a latest update. Gold's price seesawed in 2018 as investor interest ebbed and flowed despite steady growth in most sectors of demand. Gold faced significant headwinds for most of the year. However, the metal is facing constant selling pressure around $1300 per ounce levels. MCX Gold futures ended just under Rs 32300 per 10 grams though as the weakness in INR supported the counter. The rupee closed 0.30% against the US dollar at 71.24, extending losses above 71 levels.

Powered by Commodity Insights

NIFTY
Friday, April 26, 2024   Adani Enterp. :  3080.40    (-34.85)  ||  Adani Ports :  1324.60    (-5.95)  ||  Apollo Hospitals :  6258.60    (-125.50)  ||  Asian Paints :  2844.15    (-17.30)  ||  Axis Bank :  1130.30    (+3.30)  ||  B P C L :  609.45    (+6.05)  ||  Bajaj Auto :  8974.30    (+239.40)  ||  Bajaj Finance :  6731.20    (-563.70)  ||  Bajaj Finserv :  1597.35    (-58.20)  ||  Bharti Airtel :  1326.00    (-12.70)  ||  Britannia Inds. :  4800.45    (-43.70)  ||  Cipla :  1409.15    (+2.95)  ||  Coal India :  455.80    (+3.35)  ||  Divi's Lab. :  4016.35    (+172.55)  ||  Dr Reddy's Labs :  6252.10    (+33.35)  ||  Eicher Motors :  4601.00    (-14.20)  ||  Grasim Inds :  2342.45    (-25.00)  ||  HCL Technologies :  1473.85    (-30.30)  ||  HDFC Bank :  1509.80    (-0.95)  ||  HDFC Life Insur. :  587.85    (-6.85)  ||  Hero Motocorp :  4491.60    (-6.70)  ||  Hind. Unilever :  2222.65    (-8.20)  ||  Hindalco Inds. :  649.30    (+2.50)  ||  ICICI Bank :  1107.90    (-5.85)  ||  IndusInd Bank :  1446.40    (-49.70)  ||  Infosys :  1430.25    (-8.20)  ||  ITC :  440.00    (+2.45)  ||  JSW Steel :  887.25    (-18.55)  ||  Kotak Mah. Bank :  1608.50    (-33.95)  ||  Larsen & Toubro :  3605.20    (-47.10)  ||  LTIMindtree :  4788.05    (+153.35)  ||  M & M :  2044.90    (-51.95)  ||  Maruti Suzuki :  12703.35    (-219.15)  ||  Nestle India :  2482.75    (-79.90)  ||  NTPC :  356.00    (-3.20)  ||  O N G C :  282.90    (+0.95)  ||  Power Grid Corpn :  292.25    (-1.05)  ||  Reliance Industr :  2905.10    (-14.85)  ||  SBI Life Insuran :  1415.25    (-29.20)  ||  Shriram Finance :  2498.60    (+6.75)  ||  St Bk of India :  801.30    (-11.40)  ||  Sun Pharma.Inds. :  1506.55    (-13.60)  ||  Tata Consumer :  1102.65    (-3.60)  ||  Tata Motors :  999.50    (-1.75)  ||  Tata Steel :  165.80    (-1.90)  ||  TCS :  3821.35    (-30.85)  ||  Tech Mahindra :  1278.75    (+88.45)  ||  Titan Company :  3584.80    (+13.70)  ||  UltraTech Cem. :  9700.90    (+17.15)  ||  Wipro :  464.60    (+3.60)  ||