Friday, 15 July 2016

Indian Gold Commodity Market Updates ; Gold slips as Stocks surge

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Gold slips as stocks surge, heads for first weekly decline since May :-
Gold prices dipped on Friday on a firmer dollar and surging Asian shares and were set for the first weekly decline since May, after falling to a two-week low in the previous session.Asian shares extended gains to eight-month highs, on track for a solid weekly rise, as better-than-expected economic data from China lifted risk sentiment that was already buoyant after record highs on Wall Street.

Spot gold eased 0.4 percent to $1,328.78 per ounce by 0405 GMT. Bullion fell about 0.6 percent on Thursday and hit $1,319.82, its lowest since June 30. The metal has fallen about 2.7 percent so far this week and is on track for its first weekly decline since the week ending May 27.U.S. gold slipped 0.2 percent to $1,329.30 an ounce.

Silver falls Rs 302 on weak global cues :-
Taking weak cues from overseas markets, silver prices fell by Rs 302 to Rs 48,707 per kg in futures trade today as participants cut down their bets.At the Multi Commodity Exchange, silver for delivery in December was trading lower by Rs 302 or 0.62 per cent to Rs 48,707 per kg in a business turnover of 185 lots.

Similarly, the white metal for delivery in September declined by Rs 290 or 0.61 per cent to Rs 47,540 per kg in a business volume of 2,689 lots. In the international market, silver fell 0.27 per cent to USD 20.25 an ounce in Singapore today.

1 comment:

  1. waoo nice post about "Indian Gold Commodity Market Updates ; Gold slips as Stocks surge"


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