InProved Analytics’ Post

#gold premiums on the #shanghai Gold Exchange recovered from a 2-yr low closing higher on Friday at $5.45 per ounce or +0.23% above #LBMA ✅ 5-day trailing up 22% WoW at 2.5/oz ✅ Demand likely recovered amid lower Gold prices ✅ From a seasonality perspective, August is a bullish month for the metal. #preciousmetals #china #commodities

#Gold premiums on the #Shanghai Gold exchange have been rising this week hitting their highest level in three-week at $45.6 per ounce or 1.96% above #LBMA 🟢Premiums have slightly reduced today closing at $36.2 or 1.55% above LBMA 🟢 The trailing 5-day is up 20% at $33.3 #china #preciousmetals #commodities #bullion

KIS Gold Market Price Commentary – August 2024: Gold premiums in Asia Continues its Decline as Gold Tested New Highs; Slowdown In Demand For Physical Kilobar in Asia. Read more: https://bit.ly/47c6Ut4 Kallanish Index Services #PreciousMetals #Gold #Bullion

Physical #gold remains bid in #China despite being close to record highs. Shanghai Gold premiums remain elevated, closing at $44.7 per ounce or 2.2% above LBMA yesterday, while the 5-day moving average stands around $47.5. We have noticed a pick up in physical activity post CNY judging by the physical proxy contract (Au9999), with an average daily trading volume of 18.8T ( 5-day ma) #preciousmetals #bullion #commodities

The price of 24-karat gold per tola increased by Rs. 900 and was sold at Rs. 215,700 on Thursday, as compared to its previous sale at Rs. 214,800. Similarly, the price of 10 grams of 24-karat gold increased by Rs. 772 to Rs. 184,928 from Rs. 184,156. The price of 10 grams of 22-karat gold also saw an increase to Rs. 169,517 from Rs. 168,810, according to the All Sindh Sarafa Jewellers Association. These fluctuations are closely linked to changes in the value of the US dollar, highlighting the intricate relationship between currency values and gold prices. This underscores the influence of global economic factors on local gold markets. In contrast, the price of 24-karat silver remained stable at Rs. 2,570. Internationally, the global gold price saw a minor increase of $9, reaching $2,057 per ounce. #gold #goldrate #pakistan #news #trending

Gold prices have entered a period of consolidation in early European trading on Wednesday, sticking closely to recent highs and hovering near record levels. The precious metal's movements are currently restrained, as market participants hold off on making significant moves until more information surfaces regarding the Federal Reserve's (Fed) plans for interest rate adjustments. In the latest trading session, the gold market in Pakistan witnessed a significant uptick in prices, capturing the attention of investors and consumers alike. According to the All Sindh Sarafa Jewellers Association, the price of per tola 24 karat gold saw a notable increase of Rs1,500, closing at Rs225,400 compared to the previous trading day's Rs223,900. READ MORE ABOUT GOLD PRICES TECHNICAL ANALYSIS AND FUNDAMENTAL OUTLOOK ON OUR WEBSITE. LINK IN BIO! https://lnkd.in/g8NNcgkb #gold #goldpakistan #goldpertola #XAUUSD #xauusdgold

The price of an ounce of gold has decreased by $8 on the global bullion market, reaching $2045. In the meantime, the price of gold has dropped by 1200 rupees to 214300 rupees per tolah on local currency exchange markets. In a similar vein, gold now costs 183728 rupees per 10 grams, down from 1028 rupees. In contrast to the fall in gold prices, there has been no change in the nation's price of silver. As of right now, the price of silver per tolah is still 2600 rupees, and the price per 10 grams is still 2229.08 rupees. In conclusion, silver prices have not changed in the local market, despite a decline in gold prices. #247updatenews #BreakingNews #faiqjilani #gold #prices

Physical #gold remains bid in #China despite being close to record highs. Shanghai Gold premiums remain elevated, closing at $44.7 per ounce or 2.2% above LBMA yesterday, while the 5-day moving average stands around $47.5. We have noticed a pick up in physical activity post CNY judging by the physical proxy contract (Au9999), with an average daily trading volume of 18.8T (5-day ma) #preciousmetals #bullion #commodities

Gold prices continued their remarkable ascent on Thursday, reaching a historic peak of Rs 69,908 per 10 grams on India’s Multi Commodity Exchange (MCX). This surge came on the heels of the precious metal achieving a new all-time high in the international market for the seventh consecutive trading day. https://lnkd.in/gXATEz9s #GoldMarket #MCXIndia #GoldPrices #CommodityExchange #InvestmentNews #MarketAnalysis #FinancialMarkets #GlobalEconomy

Despite a modest pullback for #silver on the #shanghai gold exchange, settling down 2.46% at 8,237 Yuan/kg, ✅Premiums remain resilient #trading close to $4 per ounce above #LBMA ✅The metal is trading at $35.4 per ounce in #china (SHAGPM) #preciousmetals #commodities #SGE