Monday, 25 July 2016

Latest Indian Commodity News ; Gold Silver CrudeOil Updates

Gold fell further by Rs 70 to Rs 30,680 per ten grams at the bullion market today, tracking a weak trend overseas amid slackened demand from jewellers at domestic spot market. Silver also slipped by Rs 245 to Rs 45,880 per kg on reduced offtake by industrial units and coin makers. Read more Live Commodity Gold/Silver Market News at: www.marketmagnify.com/freetrial.php or Get Free Trials Just Give One Missed Call @78-79-88-11-22.

Today Gold Market Overviews :-
Bullion traders said sentiment remained subdued largely in tandem with a weakening global trend where gold extended fall as buoyant equity markets and gains in the dollar hurt demand ahead of central bank meetings in the US and Japan this week. Globally, gold dropped 0.7 per cent to USD 1,313.57 an ounce in Singapore.

Today Silver Market News :- 
Given the speed of the rally in silver, we are not surprised prices are consolidating. The funds are sitting on large unrealized profits – any dip in price could prompt profit-taking although there is no evidence of this yet so maybe it is producer selling that has halted the rally for now.

Crude Oil Market Today :- 
Oil prices fell on Monday, holding near two-month lows amid worries that a global glut of crude and refined products would weigh on markets for some time. Brent crude futures were trading at $45.45 a barrel at 0956 GMT (5.56 a.m. ET), down 24 cents from their previous close, while U.S. crude was down 25 cents at $43.94 a barrel. 

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