Wednesday, 27 July 2016

Latest Indian Mcx Commodity Market News ; Gold, silver fall on weak global cues

Indian Gold prices declined by Rs 140 to Rs 30,650 per ten gram at the bullion market today, tracking a weak trend overseas amid slackened demand from jewellers. Silver weekly-based delivery prices also declined by Rs 230 per kg due to selling by speculators. For more latest Live Mcx Commodity News just click here: or give a Missed call @7879881122.

Investors are looking for indications about interest rate hike from the US Fed meet. Globally, gold prices fell as much as 0.30 per cent to USD 1,315.93 an ounce in Singapore today. In the national capital, standard gold 99.9 and 99.5 per cent purity drifted lower by Rs 140 each to end at Rs 30,650 and Rs 30,500 per ten gram.
Tracking gold, silver weekly-based delivery too dipped by Rs 230 to end the day at Rs 46,215 per kilo, while silver ready managed to close steady at Rs 46,200 per kilo on some support from industrial units and coin makers. Similarly, silver coins also traded flat at Rs 74,000 for selling and Rs 75,000 for buying of 100 pieces.
Brent crude reversed losses on Tuesday after earlier falling toward $44 a barrel on concerns a long-awaited rebalancing of the market would be delayed due to excess supply. Brent crude is still up more than 60 percent from a 12-year low near $27 in January.

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