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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