Wednesday, 4 March 2015

Accurate Gold and Silver Daily Reports

Gold advanced at Comex while locally gains came on Saturday as government refrained from cutting down the import duty from current 10% levels. Unexpectedly the finance minister left the import tax on the metal unchanged against broad expectations of a cut in the range if 2-4%.

Gold MCX April contract too moved in a small range while closed 0.3% down to Rs 26430 per 10 gms.

Overall, we have a similar stance on silver commodity wherein likely that the major Jobs data from the US in the coming week would direct good volatility with bias extending on the lower side.

Silver May expiry contract at MCX too was down and lost 1.1% to Rs 36465 per Kg
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