GOLD NEWS why is Gold (sona Swarna Tola 10gram) price falling or rising

GOLD NEWS reasons for why stock price of Gold (sona Swarna Tola 10gram) is falling or rising

GOLD Gold Sona is falling or rising technical reasons

Technical analysis forecast for Gold Sona Stock is that its in a downtrend for shortterm, and I will avoid taking a BUY or a LONG trade in this stock. Look for opportunities to sell or SHORT Gold Sona GOLD at this time. Stock is falling and might fall more.

It appears as if Gold Sona GOLD gave a large move recently.

Stock of Gold Sona (GOLD) is trading below an important moving average line, and it has been below this line for quite some time now. This is not a good sign, stock might keep falling and stock might move lower...

My analysis of Gold Sona is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if Gold Sona stays below 69340.6, but if it comes above 69340.6, then a intra day buy could be more profitable.
If you take a sell trade below 69340.6, then use 69340.6 as stoploss and 66934.5 as target. However if you take a buy trade in Gold Sona, then use 69340.6 as stoploss and 71345.75 as target.

GOLD Gold Sona is falling or rising NEWS fundamental reasons

India can be a major gold producer if it privatises two PSUs: Anil Agarwal Gold prices: Mining mogul Anil Agarwal advocates for India to become a major gold producer by privatising PSUs Bharat Gold Mines and Hutti Gold Mines. He emphasizes the need to reduce gold imports, boost domestic production, and create jobs. Agarwal sugges - NEWS as on 2024-07-26 indiatimes.com

Vedanta's Agarwal urges govt to privatise gold mining to boost production After the budget, top government officials clarified that the government's strategy goes beyond privatisation and the aim now is to create value of the government owned companies - NEWS as on 2024-07-26 business-standard.com

Gold moving out of duty cloud brings shine to jeweller stocks Shares of Kalyan Jewellers were the top gainer at 6.2%. PC Jeweller, RBZ Jeweller and Vaibhav Global rose between 1.7% and 5%. Titan inched 0.1% higher. TBZ fell 1.8% and Senco Gold fell 1.7%. - NEWS as on 2024-07-25 indiatimes.com

Gold and overseas exchange-traded funds likely to get the tax edge While gold, silver, and international exchange-traded funds (ETFs) will qualify for the 12.5 per cent LTCG taxation in 12 months as they are listed on exchanges - NEWS as on 2024-07-25 business-standard.com

Budget 2024: Festivals and weddings to shine brighter with cheaper gold, silver, platinum and diamonds Union Budget: Finance Minister Nirmala Sitharaman announced custom duty cuts on gold, silver, diamond, and platinum in the Union Budget 2024, making these precious metals cheaper. The total import duty on gold and silver has been reduced from 15 per cent t - NEWS as on 2024-07-24 indiatimes.com

Gold slips Rs 10, silver down Rs 100; yellow metal trading at Rs 70,850 The price of 22-carat gold also slipped Rs 10, with the yellow metal trading at Rs 64,940 - NEWS as on 2024-07-24 business-standard.com

Investors hold on to gold ETFs even as prices slump after custom duty cut Adjusted for fall in NAV, AUM of gold ETFs remain unaffected - NEWS as on 2024-07-24 business-standard.com

Jewellery stocks sparkle with upto 13% gains as FM cuts customs duty on gold and silver - NEWS as on 2024-07-23 indiatimes.com

Surging gold prices drive shift from jewellery to bars and coins: WGC report Consumers are shifting from gold jewellery to gold bars and coins due to rising gold prices, as reported by the World Gold Council (WGC). Despite high prices dampening jewelry demand, gold bars and coins remain popular. The domestic gold price discount to - NEWS as on 2024-07-22 indiatimes.com

1 Gold ETF to Consider Ahead of the Fed's First Rate Cut Gold remains a top investment option in 2024, given the yellow metal has historically outpaced inflation and created significant wealth for long-term investors. - NEWS as on 2024-07-20 nasdaq.com

More announcements and NEWS

GOLD Gold (sona Swarna Tola 10gram) current price & indicator signals

Moving Averages for Gold (sona Swarna Tola 10gram)

  • 5Day Average: 69165.6
  • 12Day Average: 71786.17
  • 20Day Average: 71993.1
  • 50Day Average: 72049.12
  • 100Day Average: 70750.75
  • 150Day Average: 67992.98
  • 200Day Average: 66300.67

GOLD Indicators & signals

Indicator MACD (12,26,9)

70748.48, 71528.85, -112.54
Indicator MACD is in negative zone

Indicator ADX (14)

44.42, 16.62, 43.2
Indicator ADX is indicating that momentum is weak.
Momentum is towards selling.

Indicator RSI (14)

Current RSI is: 37
Indicator RSI is indicating selling pressure and stock might fall.

Recent prices of GOLD Gold (sona Swarna Tola 10gram) are as follows: Daily volume is divided by 10 day averaged volume

Date Close Range Change % Volume
26 Fri Jul 2024 68186.00 67666.00 to 68340.00 1.07% 0.72 times
25 Thu Jul 2024 67462.00 67400.00 to 68105.00 -2.16% 1.2 times
24 Wed Jul 2024 68952.00 68652.00 to 69299.00 0.65% 0.88 times
23 Tue Jul 2024 68510.00 68456.00 to 72850.00 -5.79% 3.2 times
22 Mon Jul 2024 72718.00 72501.00 to 73185.00 -0.37% 0.81 times
19 Fri Jul 2024 72990.00 72930.00 to 73866.00 -1.57% 0.98 times
18 Thu Jul 2024 74155.00 74050.00 to 74538.00 0.02% 0.53 times
17 Wed Jul 2024 74137.00 74068.00 to 74731.00 -0.18% 0.47 times
16 Tue Jul 2024 74273.00 73531.00 to 74309.00 1.09% 0.86 times
15 Mon Jul 2024 73471.00 73035.00 to 73737.00 0.28% 0.52 times
12 Fri Jul 2024 73269.00 72919.00 to 73292.00 -0.06% 0.56 times
11 Thu Jul 2024 73311.00 72730.00 to 73333.00 0.88% 0.86 times

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GOLD NEWS why is Gold (sona Swarna Tola 10gram) price falling or rising

 

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