Thursday, 24 July 2014

Daily Updates about Commodity Gold Market in India

Spot gold prices fell by around 0.4 percent as global equity markets and a stronger dollar rode a rebound in risk appetite that lifted the S&P 500 to a record high on signs of cooperation from Ukraine's pro-Russian separatists over last week's downing of a Malaysian jetliner. However, safe haven bids were brought as the situation remained tense in the Middle East with Israel pounding targets across the Gaza Strip on Tuesday, saying no ceasefire was near as top U.S. and United Nations diplomats pursued talks on halting the fighting that has claimed more than 600 lives.

Silver Silver prices in the international markets traded on a flat note taking cues from weakness in gold prices and positive trend in the base metals pack. Further, renewed safe haven demand for gold in the latter part held the prices of white metal from falling. On the MCX, silver prices fell by 0.2 percent taking cues from Rupee appreciation and closed at Rs.45330/kg.

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