Tuesday, 19 July 2016

Indian Commodity Important News ; Gold rebounds on global cues, jewellers' buying

Gold was mostly unchanged on Tuesday, holding on to its losses from the previous session as a pickup in investor appetite for risky assets capped demand for the precious metal. We are providing all ‪Commodities‬ Services Like Gold+Silver Tips ,Bullion Tips ,Bullions Trading‬ Tips, MCX Market Tips, Precious Matel Tips, Mcx Live Just Visit Now at www.marketmagnify.com/freetrial.php or Get Free Trials Give One Missed Call @78-79-88-11-22.

Globally, gold rose 0.09 percent at USD 1,329.70 an ounce in Singapore. In the national capital, gold of 99.9 percent and 99.5 percent purity recovered by Rs 200 each to Rs 30,750 and Rs 30,600 per 10 grams, respectively. The metal had lost Rs 250 in the last two days. Sovereign, however, remained flat at Rs 23,400 per piece of eight grams. 

Silver ready edged higher by Rs 70 to Rs 46,330 per kg, while weekly-based delivery declined by Rs 130 to Rs 46,800 per kg on lack of speculators' buying. Silver coins, however, held steady at Rs 73,000 for buying and Rs 74,000 for selling of 100 pieces.

Oil prices eased on Tuesday as concerns over a crude and refined fuel glut outweighed an expected cut in US shale production and a probable further draw in US crude inventories.Crude prices fell more than 1 per cent in the previous session after worries about potential supply disruptions stemming from an attempted coup in Turkey proved unfounded.

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