Thursday, 9 August 2012

Free MCX Gold Tips for Gold Prices And Silver Slips

In Indian MCX Gold stayed flat as a weaker rupee outweighed leads from overseas stock markets, with traders seeking direction in prices before booking deals to stock for festival season. More Information about Free mcx gold tips visit my site

* The most-active MCX gold for October delivery on the MCX was at Rs 29,802 per 10 grams, up 0.13% at 0837 GMT, still near the last session's low of Rs 29,756, a level last seen on July 24.

* Global MCX gold was little modified on Wed after ascending for three days, reinforced by desires that European countries and the United States would release more incitement actions to help coast up their disappointment financial systems.

* The rupee, which damaged on Wed, performs an important part in determining the arrived cost of the dollar-quoted gold.

* Physical buying still remained low as prices remained near the acutely saw Rs 30,000 indicate, with investors expecting for a bad season after objectives of lacking monsoon down pours.

* "Event need is not materialising yet. Costs are merging and not providing clear route," said an formal from a private gold publishing financial institution.

* Non-urban areas, which rely on monsoons for makes and income, give rise to about 60% of the nation's demand.

* MCX Silver traded lower following global leads.

* Silver for September delivery on the MCX was down 0.26% at Rs 53,230 per kg.

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