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MCX Gold Updates-

In comparision to Dollar Rupee seems to have a great fluctuation. This had a direct effect on the prices of Gold. Gold Mini prices on MCX were trading higher today.
Snapping inthe losses the Gold showed an uptrend in the MCX index by 3% and reached a level of 29500 in the opening session of the market today.
Though Gold ETF holding reached to a level of 2412 ton showing a gain but the trading in gold in the international market is a bit slow.
The Gold Futures August contract at MCX were trading up by 0.23 per cent gain at Rs. 29,540 per 10 grams.
The contract touched the intraday high at Rs. 29,565 today.

MCX Silver Market trend-

Inspite of the decline in the international market, Silver was high in the domestic market.
Silver opened in the MCX at 52500. Silver was trading higher in the major cities.
Silver july contract was trading at Rs.52602.00 or 0.17%. The silver rate touched an intraday high of Rs 52636.00 and Intraday low of Rs.52451.
The TDS, a global wholesale banking says that Silver is likely to surpass gold in the forth quater.


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