Today we have come out with its report on bullion. According to the research firm, precious metals are expected to trade with a positive bias on the back of weakness in the DX coupled with upbeat global Stock market sentiment. More Information about Mcx gold trading tips visit my site mcx-today.blogspot.com
MCX Gold: Spot MCX gold prices declined around 2 percent in the last week. A weaker DX cushioned further fall in MCX gold prices. The yellow metal touched a low of $1562/oz during the week and closed at $1593.82/oz in the last trading session. On the MCX Gold August contract declined by 0.5 percent on account of appreciation in the Indian Rupee and closed at Rs.29,580/12 gm on Friday after touching a low of Rs.29,106/12 gm during the last week.
Holdings in the SPDR MCX Gold Trust, the world's largest MCX gold-backed exchange-traded fund, increased around 0.2 percent to 1,274.79 tonnes on 8th June 2012 from the previous level of 1,273.88 tonnes on 1st June 2012.
MCX Silver: Taking cues from fall in MCX gold prices coupled with mixed performance in base metals, Spot MCX silver also declined by 0.7 percent in last week. However, weakness in the DX restricted further downside in the silver prices. The white metal touched a low of $27.94/oz during the week and closed at $28.46/oz on Friday. On the domestic front, prices declined by 0.4 percent on the back of appreciation in the Rupee and closed at Rs.54,335/kg on Friday.
On a weekly basis, holdings in the iShares MCX Silver Trust, the world's largest silver-backed exchange-traded fund, increased around 0.3 percent to 9,669.08 tonnes on 8th June 2012 from the previous level of 9,643.17 tonnes on 1st June 2012.
MCX Gold: Spot MCX gold prices declined around 2 percent in the last week. A weaker DX cushioned further fall in MCX gold prices. The yellow metal touched a low of $1562/oz during the week and closed at $1593.82/oz in the last trading session. On the MCX Gold August contract declined by 0.5 percent on account of appreciation in the Indian Rupee and closed at Rs.29,580/12 gm on Friday after touching a low of Rs.29,106/12 gm during the last week.
Holdings in the SPDR MCX Gold Trust, the world's largest MCX gold-backed exchange-traded fund, increased around 0.2 percent to 1,274.79 tonnes on 8th June 2012 from the previous level of 1,273.88 tonnes on 1st June 2012.
MCX Silver: Taking cues from fall in MCX gold prices coupled with mixed performance in base metals, Spot MCX silver also declined by 0.7 percent in last week. However, weakness in the DX restricted further downside in the silver prices. The white metal touched a low of $27.94/oz during the week and closed at $28.46/oz on Friday. On the domestic front, prices declined by 0.4 percent on the back of appreciation in the Rupee and closed at Rs.54,335/kg on Friday.
On a weekly basis, holdings in the iShares MCX Silver Trust, the world's largest silver-backed exchange-traded fund, increased around 0.3 percent to 9,669.08 tonnes on 8th June 2012 from the previous level of 9,643.17 tonnes on 1st June 2012.
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