Tuesday, 31 March 2015

Gold and Silver Market News for Today

Gold commodity April expiry declined by 1.25% to $1184.80 per ounce while in India, MCX Gold contract fell by 1.13% to 26270per 10 Gms.

Gold comex prices hit $1185 per ounce levels at the time of closing and expanded its losses which it made last Friday. Overall, as demand from institutional investors and also physical side too stay muted lately, we continue with our sell bias in the commodity and recommend selling on higher levels today. 

Silver may expiry contract at the international Exchange settled at $16.674 an ounce.

OUTLOOK: While we had a selling view in the commodity and the segment yesterday, we also suggested buying the Gold/Silver ratio wherein traders might have recorded small but steady movement. 

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