Global Gold Prices Fall Five-Year Low in Asia

Global Gold Prices Fall Five-Year Low in Asia

In the Delhi bullion market here, standard gold fell Rs 370 to close at Rs 25.550 per 10g. Image Source:

Prices of gold futures dropped to about five years the lowest levels of the session on Monday, after it dropped to 5.3% lower than $ 1,100 an ounce in minutes during the first hour of the Asia morning as a bout of technical selling kicked in as prices broke underneath a key support level near grade $ 1,120, prompting new orders as of bearish chart indications.

Whether therefore saw a sharp recovery of the lowest levels in the purchase of the Indian jewelers and short recovery. In the Delhi bullion market here, standard gold fell Rs 370 to close at Rs 25.550 per 10g.

Prices of the precious metals fell $ 27.20, or 2.24%, last week, the fourth consecutive weekly loss, amid mounting bets that a rate hike is coming in September.

At a huge discount of $ 10.08 per ounce of gold sold in the markets of India a few days before had been the phasing and became a premium of $ 1.5 one ounces on Monday, following an increase in physical demand in lower price.

On the Comex Gold futures for August delivery hit an intraday low of $1,080.00 a troy ounce, a level not seen since February 2010.

In the domestic futures marketplace, Gold August prices on MCX rate touched an Intraday high of Rs 25,475 and an Intraday low of Rs 24,904 as compared to Rs 25,498 per 10g on Friday. By the evening, it was trading at Rs 25,138, down 1.4 per cent. MCX Gold October contract was trading at Rs 25,159 down Rs 560, or 2.18 percent.

For Commodity Market Tips, MCX Live Tips, Gold-Silver Prices and trading market latest news & updates  with 100McxTips, follow us on Twitter @100mcxtips and Like on Facebook.  And to contact the reporter on this story email at or Call: +91-761-4012307

MCX Tips Free


MCX Commodity Tips is an experienced Commodity Research Advisory to predict investors buying and trading trends at various market environments. For free trial advisory on commodity Gold, Silver, Crude, Copper and all Indian Commodities kindly visit us and submit an query form at commodity free trial tips here.

Posted in Commodity, MCX, Stocks Market

Leave a Reply

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )


Connecting to %s

Free Crude Oil Tips
Free Trial Crude Trading Tips
Contact & Visit Info
M-Sat : 10am - 7pm

Error: Twitter did not respond. Please wait a few minutes and refresh this page.

NG Trading Tips
Free Trial Commodity Tips
Disclaimer: 100McxTIps would like to remind you that the data contained in this website is not necessarily real-time nor accurate. Bulloin Futures prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore 100McxTips doesn`t bear any responsibility for any trading losses you might incur as a result of using this data .
%d bloggers like this: