How many mole and how many gram of NaOH are present in 100ml of 0.20m NaOH solution
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NEW DELHI: Gold and silver futures prices in the domestic dipped on Friday as the US dollar recovered against its rival currencies, however losses were limited as hopes of stimulus grew after the path for Biden’s presidency in the US cleared.
With control over the US Senate, Democrats have more power to advance Biden's agenda from coronavirus relief to infrastructure spending. Many investors view bullion as a hedge against inflation and currency debasement that they fear could result from large stimulus measures.
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Gold futures on MCX were down 0.23 per cent or Rs 119 at Rs 50,785 per 10 grams. Silver futures slipped 0.37 per cent or Rs 257 to Rs 69,705 per kg. The profit booking follows the trend in the international market.
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“Gold prices traded steady on Friday keeping the lower trading range below $1,920 per ounce. Spot Gold prices at COMEX were trading near $1,912 per ounce in the morning trade as gold prices came under pressure on dollar recovery along with a rise in bond yields. The democrats took control over the senate which cleared the oath for President Joe Biden to put forward his agenda. However, short recovery in dollar may keep gold prices in current range with bearish bias for the day,” said Tapan Patel, Senior Analyst (Commodities) HDFC Securities.
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“COMEX gold has important resistance at $1,940 per ounce and support at $1,895 per ounce. MCX Gold February futures support lies at Rs 50,600 and resistance at Rs 51,200 for the day.”
In the spot market, gold in the national capital plunged Rs 714 to Rs 50,335 per 10 gram on Thursday, reflecting a decline in global precious metal prices. Silver also dipped by Rs 386 to Rs 69,708 per kilogram.
Gold Rates - Spot & Futures (.995 purity)(MCX)
Date Gold Spot Price
Rs/10 Grms (AHMEDABAD)
Gold Future Price
Rs/10 Grms Expiry: 05-Feb-2021
08-01-2021 50256.0 48920.0
05-01-2021 0.0 51480.0
01-01-2021 0.0 50258.0
30-12-2020 0.0 50128.0
29-12-2020 49851.0 49990.0
24-12-2020 49787.0 50089.0
22-12-2020 49897.0 50202.0
18-12-2020 0.0 50297.0
16-12-2020 49377.0 49616.0
14-12-2020 48830.0 48955.0
11-12-2020 48985.0 49300.0
08-12-2020 49671.0 49960.0
GoldGold Technical Charts
Trading strategy
“Traders can buy gold at Rs 50,800 with the stop loss of Rs 50,500 for the target of Rs 51,300. They can also buy silver at Rs 69,900, with the stop loss of 69,300 and for the target of Rs 70,800. In the international market, we expect gold may test $1,970 levels and silver may test $29 levels soon,” said Anuj Gupta, Deputy Vice President – Research (Commodities and Currencies), Angel Broking.
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Global markets
Gold inched lower on Friday as the US dollar and Treasury yields firmed, although hopes for additional stimulus in the world's largest economy kept bullion on course for a second straight weekly gain.
Spot gold eased 0.1 per cent to $1,911.32 per ounce by 0246 GMT, but was up 0.7 per cent so far this week. U.S. gold futures shed 0.1 per cent to $1,912.30.
Silver fell 0.2 per cent to $27.05 an ounce. Platinum climbed 0.4 per cent to $1,121.46, while palladium gained 0.2 per cent to $2,424.45.
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