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Gold Price Today – 03-06-2021 – 3 June alert! Yellow metal shows weakness after hitting 5-month high on Tuesday; make use of this buying opportunity, says expert

Gold and Silver Futures on Thursday were trading with a negative bias at 12:10 pm falling by over Rs 170 and Rs 500 respectively. The domestic prices took cues from the international trends in the absence of any major domestic indicators Expert Anuj Gupta, Vice President (VP), Commodity and Currency Research at IIFL Securities said.  After hitting its highest level of USD 1916.40 on 8 January, the yellow metal showed weakness for the second consecutive day on Thursday. It was trading around USD 1903. The subdued show in bullion was on the back of a stronger US Dollar and positive commentary on the economic situation in the US. US Federal Reserve officials have been maintaining that the current price pressures were temporary. Meanwhile, Silver was trading around USD 28.12.   

USD vs INR: Indian Rupee at 9-month low against US dollar - Expert decode the impact

Weakness in the Indian Rupee continued even on Monday as the INR traded at a 9-month low against the US Dollar (USD). The rupee remained under pressure following the weakness in the domestic indices, Motilal Oswal said in its report. The downward trend was triggered by the Reserve Bank of India Monetary Policy announcement, it further said.   What this means for currency traders and also how weakening rupee would impact the overall situation for commodities? Expert Anuj Gupta, Vice President (VP), Commodity and Currency Research at IIFL Securities gives useful insights. Take a look!    See Zee Business Live TV Streaming Below:

Gold Price Today: What will happen today to precious metals? Know what to expect today

Gold price ended with strength on Tuesday. The MCX April Gold Futures were trading around Rs 47,930 per 10 gm at the close, up by almost Rs 91 from the last close on Monday and the trend is expected to remain positive for the day, Expert Anuj Gupta, Deputy Vice President, Commodity and Currency Research at Angel Broking said. Meanwhile, Silver ended with some weakness on Tuesday. It was trading at Rs 69,576 at the close, down by almost Rs 500. What is expected on Wednesday?   Gupta explains what lies ahead for investors on Wednesday and what is supporting Gold and Silver and how inflation will impacts the prices.        

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