Blog

  • Today’s Gold Price Dubai

    Today’s Gold Price Dubai

    Gold prices achieved yesterday, a new high between DH 4.5 and seven dirhams per gram for gold carats in Dubai , compared to the price end of the previous week, according to published rates in Dubai and Sharjah, with the total increase was in the yellow metal prices over the past three weeks, more than AED 13 gram.

    Dubai Gold Souk experiencing during the current period, a sharp slowing in sales following a significant increase recorded by gold prices recently, and contributed to the decline in demand for gold jewelry and bullion, coins, pointing out that the prices that reached gold is considered attractive to customers, whether on the level local, or even for tourists, which is reflected negatively on the sales outlets, Said Officials Outlets

    1 gram gold price in dubai for 24 carat AED 156.5 an increase of seven dirhams compared to the end of last week, while the price of gram total of 22 carat, AED 148.25, an increase amounting to 6.5 dirhams, while arrived price gram of 21 carats to 142 dirhams, up value of 6.25 dirhams, while the price of gram of 18 carat AED 122, an increase of 4.5 dirhams.

    For his part, director of sales, said in place of «Ashoka Jewelry», Gimon Sriak, that

    The continuing rise in the price of gold for the third consecutive week, recording an increase by a large margin, impacted negatively on the gold market, which is currently experiencing a sharp slowing in demand dealers indicators», referring to «limited sales movement on some weight goldsmiths little ».said Gimon Sriak

    The market is witnessing a significant decline in demand for bullion and gold coins», indicating that «the significant increase in the price of gold trimmed of tourists, which was based upon some shops in its sales volume significantly».

    The price of gold record over the past three weeks, a significant increase shares in a state of severe slow sales, as reflected in the reluctance of dealers for the purchase, in addition to a decline in purchasing movement of regiments tourist, to the fact that Price rates are high compared to the past three months, especially with the fact that the increases reached last week to seven dirhams » Said Dilip Dhecan

  • Swiss central bank’s decision a positive impact on value of gold

    Swiss central bank’s decision a positive impact on value of gold

    Financial markets have seen a sharp storm on Thursday after the SNB approve abandon install the euro’s exchange rate with the Swiss franc as the latter rose by 40% against the euro, which Inger him chaos and leading to increased demand for the yellow metal as a haven safe as it reached 1281.58 dollars per ounce.

    And technically we await the beginning of the week to witness the gold little correction as a result of successive climb witnessed, as well as a result of hitting a strongest resistance levels where wait InshaAllah back to move at $ 1241-1267 area, which will represent a period of aftershocks to re-test the upper level of the ascending channel to take evacuated breaths climb again toward the Golden Fibonacci 61.8% for the corresponding US $ 1288-1293 per ounce.

  • 14% growth in gold trading on the Dubai (DGCX) last month

    14% growth in gold trading on the Dubai (DGCX) last month

    Gold rose in trading Dubai Gold and Commodities (DGCX), for up to 41 945 contracts in December 2014 registered a remarkable growth rate of 14% compared to the same period of 2013. Trading volumes also seen in the stock market last grew by 25% compared to the same period of the previous year, registering a trading contract worth 962 438 84 27 billion US dollars. Daily turnover rate grew by 19% on an annual basis for up to 45 830 contracts in December 2014.

    Currency and formed the main engine of growth in trading volumes on an annual basis, where the number of currencies traded in December last decades amounted to 897.116 contract growth rate of 25% compared to December 2013. And recorded the Indian rupee futures third highest rate of interest open daily during the month of December, a growth of 21%. And saw precious metals traded on the Dubai Gold Exchange and commodities grew by 16% on an annual basis

  • Gold prices regain Rs 28,000-mark on seasonal demand, global cues

    Gold prices regain Rs 28,000-mark on seasonal demand, global cues

    Gold prices crossed the Rs 28,000-mark after over four months by gaining Rs 100 at the bullion market in the national capital on Monday, continuing its rising streak for the third consecutive day.

    The prices of the yellow metal rose to Rs 28,080 per ten grams largely on the back of sustained buying by jewellers and retailers to meet ongoing wedding season demand amid a firming global trend.

    Bullion merchants said apart from sustained buying by jewellers and retailers to meet rising wedding season demand, a firming global trend mainly boosted market sentiments.

    In the national capital, gold of 99.9 and 99.5 per cent purity gained another Rs 100 each to Rs 28,080 and Rs 27,880 per ten gram respectively, a level last seen on September 2. The precious metal has gained Rs 660 in the previous two days.

    Silver prices, however, fell by Rs 45 to Rs 39,100 per kg due to subdued demand at prevailing levels.

     

    Gold prices rose to an almost four-month high ahead of European Central Bank (ECB) policy makers meet to discuss introduction of new stimulus.

    Globally, gold prices in New York zoomed by US $17.70 (or 1.40 per cent) to US $1,280.30 an ounce in on Friday.

    Sovereign, on the other hand, remained unaltered at Rs 23,900 per piece of eight grams.

    Meanwhile, silver ready fell by Rs 45 to Rs 39,100 per kg and weekly-based delivery by Rs 90 to Rs 39,070 per kg.

    Silver coins remained steady at Rs 63,000 for buying and Rs 64,000 for selling of 100 pieces.

  • Gold: Where was going At the beginning of trading in 2015 ?

    Gold: Where was going At the beginning of trading in 2015 ?

    Gold began trading in 2015, more or less close to the same level at this time of the year 2014. The adverse effects of gold in 2014 were many, notably the rise of the dollar 14% compared to a basket of major currencies, while inflation expectations in the US fell by 0.75% and increased expectations of an imminent hike from the US Federal Reserve.

    Despite all these adverse effects Hafez gold on a good performance in the past few months to help him piece deteriorating outlook in Europe and in particular the implications of the political crisis in Greece and Ukraine. Kmalk Speculation later on a Greek exit from the euro zone if the left-wing party won 25 elections in January

    During the past 12 months we have seen that the exchange-traded products, which are backed by gold property fell by 161 tonnes while the hedge fund and account managers increased their possession in the futures and options for 167 tons. Expectations in the short and medium term still refers to the low price of gold before the expected recovery later in 2015.

    The piece, the rise of gold is still limited, especially against the dollar, and it is necessary to break the barrier of 1214 the highest level December 18 so that it can break the 1238 high 10 December However, any breach of a sudden these levels will be due to the fact that gold as a safe haven happened today and ahead of general elections in Greece January 25 and Kmalk any future incentives from Europe and China.

    Sell gold at or above 1210 with stop orders above $ 1218 per ounce currently seem best in terms of how to trade starting in the new year option. But as we have seen on several occasions during the past month, the 1180 looks solid support point at this stage.

    The graph below indicates the spacing in the relationship between the dollar index and the spot price of gold, where the close relationship over the past few months, which indicates the good performance of gold. But do not forget that gold demand is still weak and that political influences and central banks are still the real effects of any swing in prices.

  • Gold has established itself over $ 1,200 in Asian trade

    Gold has established itself over $ 1,200 in Asian trade

    SINGAPORE (Reuters) – Gold prices continued to climb above $ 1,200 an ounce during the Asian trading on Tuesday as investors buy the precious metal as a safe investment amid falling global stock and anxiety about the future of Greece in the euro zone.

    Asian stocks posted losses on Tuesday, affected by the slump in oil prices and political uncertainty in Greece. On Wall Street, the New York Stock Exchange indicator of the Dow Jones Industrial Average and the S & P 500 US stocks closed the biggest losses for one day in about three months.

    Speculation is growing that Greece may withdraw from the euro zone if the leftist Syriza party, which vowed to end austerity measures and reduce the country’s debt in the elections to be held on January 25 in January, won as expected.

    The price of gold for immediate sale 0.2 percent to $ 1207.80 an ounce by 0415 GMT, upping its gains in the previous session, which amounted to 1.3 percent.

  • Gold climbs from the lowest level to $ 1183 per ounce

    Gold climbs from the lowest level to $ 1183 per ounce

    Gold prices rebounded in the latest trading session, its lowest level in a month, as the weaker-than-expected manufacturing production in the United States data overshadowed the impact of the rise of the dollar.

    And went down the price of gold in online transactions to its lowest level since the beginning of December, recording 1168.25 dollars per ounce after the rise of the dollar.

    By 1733 GMT, the metal trimmed losses to fetch up to $ 1183.76 an ounce, up 0.2 percent.

    The market saw a meager liquidity in trading after the holiday closure amid Chinese and Japanese markets.

    Gold prices tend to end the week on a third weekly decline registered losses in a row.

    The price of gold in US futures contracts for delivery in February 0.2 percent to $ 1186.20 an ounce.

    And out of the yellow metal in 2014 losses amounted to about two percent after coming off 28 percent in the previous year.

    And many analysts predict a difficult year for gold, where the dollar is expected to bring more gains support from expectations of higher US interest rates and the economy recovers.

    The dollar rose to its highest level in nearly nine years, it rose 0.9 percent against a basket of six major currencies, an increase mostly due to the depreciation of the euro, which went down to the lowest level in four and a half years.

    The euro fell after the European Central Bank boosted expectations take bolder steps on monetary stimulus later this month.

    Among other precious metals silver fell 0.13 percent rate to $ 15.66 an ounce, after incurring losses metal ratio of 19.3 percent in 2014.

    Platinum fell 0.7 percent to a rate of $ 1194.10 an ounce, after dropping 12 percent in the past year.

    The price of palladium rose 0.54 percent to $ 792.72 an ounce after jumping 11 percent in 2014 to its highest performer among precious metals, which is mainly due to concerns about the supply of Russia’s largest producer of the metal.

  • Forecast the price of gold in 2015 – more losses in wait!

    Forecast the price of gold in 2015 – more losses in wait!

    Assessment of the US economy, where the recovery of US stocks reduce the demand for gold, we find the US economy has achieved the largest gains in employment since 1999 and the lowest gasoline prices in five years, which gives Americans reason to believe that the economic expansion finally rebounded off the effects of the recession. The ongoing recovery in growth helps to stabilize the global economy.

    The GDP grew at an annual rate of 5 percent in the period from July to September, the biggest advance since the third quarter of 2003 and up from the previous estimate of 3.9 percent, according to figures from the Ministry of Commerce, where added to GDP levels for the second quarter of 4.6%. Next to the expectations of the return of the housing sector, the gradual improvement after the cessation of purchases mortgage debt with a stop quantitative easing as an opportunity to rebound in 2015.

    All these factors drive the decision-makers in the monetary policy in the approach of the lifting Interest despite calls amble where to watch the recovery accelerating US economy expect in the winter of 2015, the first quarter and the second quarter will not be raising US Interest rates where gold will continue to benefit from the support of $ 1131 lows gold in the four years of restricted between 1250 resistance and resistance of $ 1270 for an average 200-day simple moving SMA200D with continued downward pressure of SMA composite 55 a month down from a maximum of $ 1320 may correct up gold to him during the first half of 2015.

    Where it is expected to fall much more with the current strength of the dollar as breaking support in 1140 and 1130 to pay gold to support the 61.8% Fibonacci retracement of the upside rally test in seven years, the highest price of $ 1080 and $ 1050 and support the most important moving average compound 55 quarterly higher than support myself $ 1000 Ounce for which we do not expect to break before the fourth quarter of 2015 and the stability of prices higher than the 950 to 1050 dollars for the second half of 2015, according to our expectations.

  • Gold price spot sales jumps 2.3% to $ 1209.90 per ounce

    Gold price spot sales jumps 2.3% to $ 1209.90 per ounce

    LONDON (Reuters) – Gold prices jumped more than 2 percent during trading on Tuesday, supported by new purchases with the US dollar’s decline and fall of the stock markets.

    The precious metal also received support from the anxiety of growing tensions between Russia and the West.

    The Gold price jumped spot sales of 2.3 percent to 1209.90 dollars per ounce before retreating slightly to 1204.90 dollars by 1515 GMT.

    And stepped up US gold futures for February delivery of more than 2 percent to $ 1210.90 before declining slightly to $ 1205.90.

    Among other precious metals, silver spot sales rose 1.8 percent to $ 16.35 per ounce.

  • The price of gold near its lowest level in four years

    The price of gold near its lowest level in four years

    Gold prices and silver wave losses for a fourth straight session on Monday, and continued in Asia, approaching the lowest level in more than four years with the rise of the dollar, which has increased the demand for sales and expectations for further decline.

    And precious metals received a painful blow on Friday after the Bank of Japan’s decision to increase the sudden massive purchases of bonds, which pushed the yen to fall to its lowest level in seven years against the dollar.

    The dollar reached its highest level in four years against a basket of major currencies, which is somewhat larger than the degree of attractiveness of gold as a hedging tool.

    The price of gold fell in online transactions 1% to $ 1161.70 an ounce, before rising to $ 1171.06 at the end of trading Asia.

    Silver fell to $ 15.72 an ounce, the lowest price since February 2010.