Topic
profit booking
Commodities Gold Price Rally Faces Profit Booking Risk; MCX Gold Outlook for August 14, 2026
MCX Gold October futures are facing resistance near Rs 1,52,400–Rs 1,52,600 after a strong rally, and Jateen Trivedi of LKP Securities expects profit booking. Technical indicators show consolidation, with a sell-on-rise strategy recommended below Rs 1,53,000. A sustained breakout above Rs 1,53,000 would resume the broader bullish trend.
Commodities Gold Slips From Two-Month High as Investors Book Profits; Silver Also Declines
Gold prices slipped on Friday as traders locked in profits after bullion climbed to an over two-month high on Thursday. Spot gold fell 0.5% to $4,330.37 per ounce, while US gold futures for December delivery dropped 0.8% to $4,386.80. Silver, platinum and palladium also declined amid a mixed US rate outlook and elevated geopolitical risks.
Finance India Gold ETFs Experience First Outflow in a Year Amid Profit Booking
India's gold ETFs recorded a net outflow of $61 million in May, marking the first monthly outflow in a year. This follows a surge in domestic gold prices due to increased import duties.