Monday, 14 March 2016

Live Mcx News on Gold and Silver by MarketMagnify

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Gold on MCX settled down -1.44% at 29500 as the dollar rebounded, after prices showed good gains on Thursday after the European Central Bank's announcement of new easing measures. ECB President Mario Draghi rolled out measures on Thursday including increased asset buying and a deeper cut to deposit rates, but signalled there would be no further rate cuts.

Silver dropped amid heavy profit taking, as investors brace for potential divergence among major central banks, after the European Central Bank used nearly all of the tools at its disposal at a closely-watched meeting to stimulate flagging growth throughout the euro zone.

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