SEBI Registration NO.---- INA000001530 Investment in stock and commodity market are subject to market risk. Please do not trade on those tips which are not provided through SMS or messenger.
Gold And Silver Updates For 03 April 2017

Gold And Silver Updates For 03 April 2017

Silver futures closed higher in the domestic market on Friday as participants raised their bets amid firming global trends. Analysts attributed the rise in silver prices at futures trade to a firming trend in the precious metals overseas. At the MCX, silver futures for May 2017 contract closed at Rs 42,353 per kg, up by 0.49 per cent, after opening at Rs 42,040, against a previous close of Rs 42,147. It touched the intra-day high of Rs 42,360. Gold futures closed lower in the domestic market on Friday as the U.S. dollar regained its footing above a key technical level and equities traded mostly higher, drawing some investor attention away from the precious metal. A stronger dollar can weigh on commodities priced in the currency, making them less attractive to purchasers using other monetary units. Metals extended losses after a pair of economic reports: jobless claims and a revised reading of gross domestic product. At the MCX, gold futures for April 2017 contract ended at Rs 28450 per 10 grams, down by 0.32 per cent, after opening at Rs 28,460 against a previous close of Rs 28,542. It touched the intra-day low of Rs...
Gold Market Updates for 6 March 2017

Gold Market Updates for 6 March 2017

Gold futures were trading bigger during afternoon trade in the domestic market on Monday as investors & speculators extended their positions in the precious metal on increase in safe-haven desired on weaker dollar amid rising geopolitical tensions over North Korea. Market participants are closely watching developments after the reclusive state fired 4 ballistic missiles into the sea off Japan’s northwest coast, days after it promised retaliation over US-South Korean military drills. Meanwhile, US Fed Chair Yellen capped off a seemingly coordinated push from the central bank when she cemented the view that the Fed will raise rates at its next meeting on March 14 to 15, & likely be able to move faster after that than it has in years. At the MCX, gold futures for April 2017 contract is trading at Rs 29158/10 grams, upward by 0.48 %, after opening at Rs 29100, against a last close of Rs 29020. It touched the intra-day max of Rs...
Gold and silver Updates for 20 Dec 2016

Gold and silver Updates for 20 Dec 2016

Silver trading range for the day is 39144-39816. Silver dropped as prices continues to track dollar gains and the stock markets cautious push deeper into record territory. Last week’s Feds rate increase was accompanied with signals for a more-aggressive Federal Reserve in 2017. The Bank of Japan is likely to keep monetary policy steady and give a more upbeat view of the economy on Tuesday. Gold trading range for the day is 27124-27348. Gold prices edged up as geopolitical tensions offset expectations of tighter U.S. monetary policy and a stronger U.S. dollar. Federal Reserve Chair Janet Yellen said the U.S. labor market has improved to its strongest in nearly a decade SPDR gold trust holdings dropped by 1.06% i.e. 8.89 tonnes to 828.10 tonnes from 836.99...
2
 
error: Content is protected !!