Tuesday, 2 August 2016

Indian Gold Silver Commodity Market News ; Silver Boom is Coming

Silver is managing to hold onto most of its gains since the start of 2016. The Indian commodity market raced higher in recent months, before pausing and retracing, and the metal is now trading back over US$20 an ounce.That is a 47% gain for the year. Read more Live Indian 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.
Silver is managing to hold onto most of its gains since the start of 2016.Overnight spot silver touched a 3-week high of US$20.64 an ounce .

Gold was static on Friday with prices ending above Rs 31500 per 10 grams. The session on the day hardly had decisive moves. Yellow metal closed at Rs 31545 per 10 grams, down 0.01%. The yellow metal support levels are at Rs 31400 and 31350 per 10 grams. 

On the higher side Rs 31650 and 31800 per 10 grams are the cap to watch out for. Gold tested a high of Rs 31550 per 10 grams and Rs 31358 per 10 grams as low. Gold on MCX settled down -0.11% at 31562 traded in the range while sentiments remain firm amid uncertainty about the Federal Reserve interest rate outlook.

MCX Crude Palm Oil market under short covering
Oil prices edged up in early trading on Tuesday after US crude broke below $40 per barrel the previous session, but traders said fuel markets continued to be dogged by excess production.

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