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 of Gold Sona Stock is that its in a uptrend for shortterm, and I will avoid taking a SHORT or SELL trade in this stock. Look for opportunities to BUY or go LONG in Gold Sona GOLD at this time. Stock is rising and might rise more.

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

Stock of Gold Sona (GOLD) is trading above an important moving average line, and it has been above this line for quite some time now. This is a good sign, and the stock might keep rising and move higher!

My analysis of Gold Sona is bullish for shortterm, and stock might move up till 71986.9 or till 72714.5. Use a stoploss of 71380.62 and if this stock hits its stoploss, then it can fall down till 70774.33

GOLD Gold Sona is falling or rising NEWS fundamental reasons

Budget import duty cut will boost gold jewellery retailers' revenues by 22-25 pc this fiscal: CRISIL report A recent analysis by CRISIL Ratings, which examined 58 gold jewellery retailers representing a third of the organised sector's revenues, indicates that the sector will benefit from improved working capital management. - NEWS as on 2024-09-09 indiatimes.com

Gold price climbs Rs 10 to Rs 73,320, silver rises Rs 100 to Rs 87,100 The price of 22-carat gold also rose Rs 10, with ten grams of the yellow metal selling at Rs 67,210 - NEWS as on 2024-09-07 business-standard.com

Gold rises Rs 100; silver bounces Rs 1,200 Silver prices surged Rs 1,200 to Rs 85,800 per kilogram, while gold rose Rs 100 to Rs 74,200 per 10 grams in the national capital on Friday, according to the All India Sarafa Association. In the previous session, the precious metal of 99.9 per cent purity - NEWS as on 2024-09-06 indiatimes.com

Malabar Gold plans to launch 20 new showrooms in India, abroad in October Malabar Gold & Diamonds, the world's sixth-largest jewellery retailer, on Thursday announced plans to launch 20 new showrooms in October as part of its global expansion strategy. The company will open three new showrooms in Uttar Pradesh, while two each in - NEWS as on 2024-09-05 business-standard.com

Gold steady as US payrolls data takes centre stage Gold prices remained steady as investors awaited the U.S. payrolls report, which could impact the expected interest rate cut this month. Spot gold held at ,493.62 per ounce, while U.S. gold futures edged higher. The report is due Friday, with economists - NEWS as on 2024-09-04 indiatimes.com

Gold hits two-week low as traders expect smaller US Federal rate cut Traders are confident that the US Fed will cut rates this month and are pricing in a 59 per cent chance of a 25-basis-point cut, according to CME FedWatch tool - NEWS as on 2024-09-04 business-standard.com

Don’t think 20-30% return is a birthright; time to go long on gold and neutral weight on equity: Nilesh Shah Nilesh Shah, MD of Kotak AMC, points to India as a promising investment option amidst global instability. He advises investing in long-duration assets and gold, staying neutral on equities with a tilt towards large caps, and expects near-term volatility bu - NEWS as on 2024-09-02 indiatimes.com

Gold Price Today: Yellow metal starts the month flat, silver down by Rs 1,000/kg Gold October futures at MCX opened flat at Rs 71,500 per 10 gram, down by 0.16%. Silver December futures traded at Rs 84,190/kg, down by 1.2%. Both metals saw profit taking after U.S. economic data suggested fewer Fed rate cuts. - NEWS as on 2024-09-02 indiatimes.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: 71558.2
  • 12Day Average: 71705.42
  • 20Day Average: 71424.95
  • 50Day Average: 71259.24
  • 100Day Average: 71573.86
  • 150Day Average: 69584.6
  • 200Day Average: 67783.18

GOLD Indicators & signals

Indicator MACD (12,26,9)

71545.57, 71306.25, 235.79
Indicator MACD is in positive zone

Indicator ADX (14)

3.17, 22.1, 20.74
Indicator ADX is indicating that momentum is weak.
Indicator ADX is showing that momentum is towards buying

Indicator RSI (14)

Current RSI is: 41
Indicator RSI is indicating buying momentum and stock might rise.

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
06 Fri Sep 2024 71426.00 71220.00 to 72235.00 -0.68% 1.6 times
05 Thu Sep 2024 71917.00 71406.00 to 72120.00 0.63% 1.22 times
04 Wed Sep 2024 71466.00 70913.00 to 71595.00 0.12% 1.09 times
03 Tue Sep 2024 71381.00 71001.00 to 71765.00 -0.31% 1.14 times
02 Mon Sep 2024 71601.00 71426.00 to 71800.00 -0.01% 0.45 times
30 Fri Aug 2024 71611.00 71521.00 to 72199.00 -0.8% 1.21 times
29 Thu Aug 2024 72188.00 71700.00 to 72249.00 0.62% 1.21 times
28 Wed Aug 2024 71743.00 71514.00 to 72075.00 -0.53% 0.95 times
27 Tue Aug 2024 72122.00 71740.00 to 72160.00 0.12% 0.78 times
26 Mon Aug 2024 72039.00 71755.00 to 72251.00 0.37% 0.82 times
23 Fri Aug 2024 71777.00 71302.00 to 71940.00 0.82% 1.13 times
22 Thu Aug 2024 71194.00 70894.00 to 71884.00 -0.89% 1.31 times

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

 

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