Gold Slips on Profit Taking

Gold fell on Friday as investors cashed in profits following a 1.2 percent gain in the previous session on
improving demand for the metal on signs U.S. and European central banks will continue loose monetary policies in the medium term. "We have seen little selling coming into the market which is understandable given gold is about $20 higher from the lows traded in Asia on Thursday," MKS Group trader Jason Cerisola said, adding that gold has very good support at $1,310 level. 

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Spot gold edged lower 0.5 percent at $1,324.30 an ounce at 0344 GMT. Bullion is set for a 0.7 percent decline for the week. U.S. gold slipped 0.5 percent at $1,324.80 an ounce. The U.S. Federal Reserve will wait until the fourth quarter before raising interest rates, likely in December after the presidential election, according to a Reuters poll which once again showed subdued inflation expectations.  
Holdings of SPDR Gold Trust, the world's largest gold-backed exchange-traded fund, fell 0.22 percent to 963.14 tonnes on Thursday. [GOL/ETF] Palladium, which touched its highest since late October 2015 on Thursday, was heading for its fifth straight week of gains. It dipped 0.4 percent to $679.60. Silver, which hit a near two-week low on Thursday, was down 0.2 percent to $19.72 an ounce. Platinum was down 0.2 percent to $1,095.05.

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यूरोपीय बाजारों में सुस्ती का असर भारतीय बाजारों की चाल पर भी देखने को मिला। बीएसई का 30 शेयरों वाला प्रमुख इंडेक्स सेंसेक्स 50 अंक बढ़कर 24,486 और एनएसई का 50 शयरों वाला इंडेक्स निफ्टी 14 अंक बढ़कर 7436 पर बंद हुआ। एशियाई बाजार बढ़त के साथ बंद हुए लेकिन दोपहर बाद लाल निशान में खुले यूरोपीय बाजार से भारतीय बाजार पर भी दबाव बढ़ा। दिनभर के कारोबार की बात करें तो बीएसई सेंसेक्स 165 अंक और एनएसई का निफ्टी 51 अंक नीचे बंद हुआ।

एचडीएफसी बैंक के दिसंबर क्वार्टर के नतीजे अनुमान के मुताबिक रहे हैं। तीसरे क्वार्टर में बैंक का नेट प्रॉफिट पिछले साल के मुकाबले 20.15 फीसदी बढ़कर 3357 करोड़ रुपए रहा है। 

अंतर्राष्ट्रीय बाजारों का हाल

दोपहर बाद एशियाई बाजार बढ़त के साथ बंद हुए। निक्केई 0.90 फीसदी, शंघाई 0.78 फीसदी और हैंगसेंग 1.36 फीसदी ऊपर बंद हुए। वहीं यूरोपीय बाजारों में मिला-जुला... रुख देखने को मिल रहा है। 3.45 बजे एफटीएसई 0.34, सीएसी 0.23 फीसदी और डेक्स फ्लैट कारोबार कर रहा है।... 
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PRECIOUS-Gold Edges up as Stocks Retreat, Oil Struggles 
Gold edged higher on Wednesday as a further fall in equities and oil burnished bullion's safe-haven draw, although the metal was restricted to narrow ranges. 

FUNDAMENTALS 

• Spot gold was up 0.2 percent at $1,088.66 an ounce by 0035 GMT. The metal, while supported by a weaker appetite for risky assets, has faced resistance at around $1,090 with some analysts attributing this to slow Asian physical demand.
• U.S. gold for February delivery was flat at $1,088.70 an ounce. 
• The International Monetary Fund cut its global growth forecasts for the third time in less than a year, as new figures from Beijing showed that the Chinese economy grew at its slowest rate in a quarter of a century in 2015. 
• Confidence about near-term sales growth among chief executives around the world has fallen to its lowest level in six years as China's economic engine slows and a slump in oil prices signals deep unease about the global outlook. 
• The U.S. Mint cut its weekly allocation of American Eagle silver bullion coins to 1 million ounces, just a quarter of the 4 million ounces that were rationed and sold last week. 

MARKET NEWS 

• Asian shares slipped as a relentless slide in oil prices wiped out an attempted rally on Wall Street and dealt a fresh blow to risk appetite. 
• U.S. crude fell to a new low since 2003 at under $28 a barrel after the world's energy watchdog warned the market could "drown in oversupply".

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Gold Remains Weak

Gold Remains Weak on Sluggish Demand 
Gold remained weak for the second straight day and it shed Rs 35 to Rs 26,350 per 10 grams at the bullion market on Tuesday, on easing demand from jewelers and retailers even as the metal held steady in global markets. Silver, however, ended stable at Rs 34,000 per kg in scattered deals from industrial units and coin makers. Market men said subdued demand from jewelers and retailers at the domestic spot markets mainly kept pressure on the precious metal prices. Globally, gold traded at steady at $1,088.68 an ounce in Singapore.

Meanwhile, the government on Monday raised the import tariff value on gold to $354 per 10 grams and on silver to $457 per kg as per global price trends. During the first fortnight of this month the import tariff value on gold was at $345 per 10 and on silver it was at $452 per kg. In the national capital, gold of 99.9 and 99.5 per cent purity fell further by Rs 35 each to Rs 26,350 and Rs 26,200 per 10 grams, respectively. The precious metal had lost Rs 165 on Monday. Sovereign, however, remained flat at Rs 22,300 per piece of 8 grams. On the other hand, silver ready held flat at Rs 34,000 per kg, while weekly-based delivery recovered by Rs 45 to Rs 34,045 per kg. Silver coins traded at previous level of Rs 49,000 for buying and Rs 50,000 for selling of 100 pieces.

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Latest Commodity Prices

2 महीने की हाई से नीचे आया सोना, कीमतों में 200 रुपए की गिरावट 

बुलियन मार्केट में सोना कल के दो महीने की हाई से नीचे आ गया है। सोने की की कीमतों में पिछले कुछ दिनों से आई तेजी मंगलवार को थम गई है। सोना 200 रुपए टूटकर 26,250 प्रति दस ग्राम पर आ गया है। सोना 200 रुपए टूटकर 26,250 प्रति दस ग्राम पर आ गया है। इससे पहले सोमवार को सोने की कीमतों में 120 रुपए की तेजी दर्ज की गई थी।  

क्यों आई गिरावट 

बुलियन कारोबारियों के मुताबिक कमजोर ग्लोबल संकेतों के बावजूज पिछले कुछ दिनों से तेजी बनी हुई थी। लेकिन घरेलू मार्केट में ज्वैलर्स और रिटेलर्स की तरफ से डिमांड में कमी के कारण ये गिरावट देखने को मिली है।

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