Monday, 11 July 2016

Indian Commodity Market Today ; Gold Silver Mcx News

Gold discounts in India soared to a record high this week as prices in the world's second-largest consumer of the commodity touched a near three-year high, hurting consumer demand for physical gold. Get ‪Gold‬ Price Forecast, Analysis & Prediction for more Daily Live ‪Commodity‬ Market, Gold/Silver Mcx, Crude News Updates Just Visit Us at or Get Free Trials  Just Give Missed Call @78-79-88-11-22.

Silver climbs Rs 800/kg on global cues, gold down :-
Silver staged a strong comeback by surging Rs 800 to Rs 46,300 per kg at the bullion market today largely in line with a firm global trend amid increased offtake by industrial units and coin makers at domestic spot market.However, gold extended its slide for a third day and lost Rs 150 at Rs 30,700 per ten grams as demand from jewelers at the domestic markets dried up considerably. Silver fell by Rs 600 to Rs 45,500 per kg yesterday.

In the national capital, silver ready recaptured the crucial Rs 46,000-mark by climbing Rs 800 to Rs 46,300 per kg and while weekly based delivery reclaimed the Rs 47,000-mark by surging Rs 720 to Rs 47,485 per kg. Silver coins, however, held steady at Rs 73,000 for buying and Rs 74,000 for selling of 100 pieces.

Oil down 5%; biggest drop since Feb on Brexit, supply builds :-
Oil prices tumbled 5 percent on Tuesday, with U.S. crude heading for its largest daily decline in five months, as investors worried that Britain's exit from the European Union would slow the global economy. Data showing higher supplies, including an inventory build at the delivery hub for U.S. crude futures, also pressured oil prices.Brent crude was down $2.35, or 4.7 percent, at $47.75 a barrel by 12:47  

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