Trading in MCX gold and silver contracts can be a rollercoaster ride, influenced not only by market dynamics but also by the psychological factors that govern traders’ decision- making processes. Delving into the psychology of trading reveals the complex interplay of emotions that can impact trading outcomes. In this article, we’ll explore the common emotions … Read more
Spot gold closed with a solid gain of 1.76% at $2330 Friday as the metal rallied for the third straight week. It hit a fresh record high just above $2330. It posted a whooping gain of nearly 4.50% on the week despite surging yields and a largely steady US Dollar. Part of the gains this … Read more
Gold prices opened on the Multi Commodity Exchange (MCX) on Wednesday at Rs 69,340 per 10 grams and hit an intraday low of Rs 69,309. In the international market, prices hovered around $2,284.06 per ounce. Meanwhile, silver opened at Rs 77,981 per kg and hit an intraday low of Rs 77,189 on the MCX. In … Read more
Gold prices opened on the Multi Commodity Exchange (MCX) on Tuesday at Rs 68,638 per 10 grams and hit an intraday low of Rs 68,580. In the international market, prices hovered around $2,252.19 per ounce. Meanwhile, silver opened at Rs 75,750 per kg and hit an intraday low of Rs 75,310 on the MCX. In … Read more
Gold prices opened on the Multi Commodity Exchange (MCX) on Monday at Rs 68,699 per 10 grams. In the international market, prices hovered around $2,196.32 per ounce. Meanwhile, silver opened at Rs 75,223 per kg on the MCX. In the international market, the price hovered around $24.69 per ounce. Manav Modi, Analyst, Commodity and Currency, MOFSL, … Read more
Navigating the ever-fluctuating world of precious metals like gold and silver requires a keen eye and a multi-pronged approach. While some traders swear by technical analysis, focusing solely on price charts and market sentiment, others prioritise fundamental analysis, delving into the underlying economic factors influencing prices. However, the most successful traders often adopt a holistic … Read more
Gold prices opened on the Multi Commodity Exchange (MCX) on Wednesday at Rs 62,054 per 10 grams and hit an intraday low of Rs 61,814. In the international market, prices hovered around $2,020.99 per troy ounce. Meanwhile, silver opened at Rs 73,086 per kg and hit an intraday low of Rs 72,800 on the MCX. … Read more
Gold prices opened on the MCX on Monday at Rs 62,502 per 10 grams and hit an intraday low of Rs 62,502. In the international market, prices hovered around $2,047.90 per troy ounce. Meanwhile, silver opened at Rs 72,796 per kg and hit an intraday low of Rs 72,660 on the MCX. The price hovered … Read more
For traders eyeing positions in MCX Gold and Silver contracts, mastering key technical indicators is crucial for making informed decisions in the dynamic precious metals market. This exploration centers on the effective use of Moving Averages, particularly the Exponential Moving Averages (EMAs) 8 and 21, for identifying trends, potential reversal points, and implementing risk management … Read more
Gold prices opened on the MCX on Friday at Rs 61,925 per 10 grams and hit an intraday low of Rs 61,925. In the international market, prices hovered around $2,034.89 per troy ounce. Meanwhile, silver opened at Rs 71,861 per kg and hit an intraday low of Rs 71,751 on the MCX. The price hovered … Read more