Spot ( Hazir / Physical ) Gold Silver Report: 6th September 2019

Insignia Consultants

New Delhi

Friday, September 6, 2019

TIME 2:09 PM IST                         

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HAAZIR/PHYSICAL GOLD, SILVER PRICE REPORT

INSIGNIA CONSULTANTS

 

DATE

06-Sep-19

 

14:09

 

PHYSICAL PRICE

CASH RATE

SPOT PRICE

MCX PRICE

 

Rs.

Rs.

 

Rs.

GOLD

MCX+900

MCX-600

$1,508.10

38497

SILVER

MCX+600

MCX+200

$18.38

48218

above is delhi rate only

prices change every second

MCX Gold futures are of October contract. MCX Silver futures are of December contract

A line from yesterday’s report: It should be a roller coaster ride for gold and silver for the rest of the day. One way price way should not be there.

I was anticipating a correction yesterday and it happened. There is gold demand as well as silver demand. Trend after the US August nonfarm payrolls will be the key. Either way there should be good jewelery demand for gold and silver on the weekend. Price fall (if any) will result in jewelery brothers getting super busy in their shops. Price rise (if any) should also result in jewelry demand on the weekend.

Cash silver premiums has turned positive which is a good demand sign.

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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