Spot Gold Silver Haazir Report: 8th October 2018

Insignia Consultants

New Delhi

Monday, October 8, 2018

TIME 2:38 PM IST                         

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HAAZIR/PHYSICAL GOLD, SILVER PRICE REPORT

Gold

PHYSICAL GOLD PRICE 32120 MCX GOLD DECEMBER PRICE 31670 — DIFFERENCE 670

CASH RATE: 32270 (MCX+150)

BUY PRICE RANGE 31875-31925

SELL PRICE RANGE 32400-32450

Silver

PHYSICAL SILVER PRICE 39246 MCX SILVER DECEMBER PRICE 38796 — DIFFERENCE 450

CASH RATE: 39196 (MCX+400)

BUY PRICE RANGE 38800-38900

SELL PRICE RANGE 39650-39700

View:

The big day for the jewelers starts from tomorrow. I hope that have a great festival sales. Just hope the rupee falls hundred paisa against the US dollar so that gold and silver price falls. Right now the momentum for the rupee is up. Unless gold in US dollar crashes, physical gold price will not fall by much. One percent to two percent price moves are normal at this time of the year in gold and silver.

Gold price need to fall by 200-250 till tomorrow for demand to pick up. Silver price need to fall below 450-500 for demand to pick up. If prices rise, then gold demand will be more or less zero.

Notes to the above

Price for delhi city. Prices are in Indian rupees above, unless otherwise specified.

The above are approximate price. Actual may vary.

24 carat is the purity level for both gold and silver.

Disclaimer: Any opinions as to the commentary, market information, and future direction of prices of specific currencies, crypto currency, metals and commodities reflect the views of the individual analyst, In no event shall Insignia Consultants or its employees have any liability for any losses incurred in connection with any decision made, action or inaction taken by any party in reliance upon the information provided in this material; or in any delays, inaccuracies, errors in, or omissions of Information. Nothing in this article is, or should be construed as, investment advice. Prepared by Chintan Karnani

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