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MARKET TREND ON GOLD AND SILVER : PremiumStock&CommodityTips CALL 08040751836

COMMODITY UPDATES AND MARKET TREND ON GOLD AND SILVER : PremiumStock&CommodityTips CALL 08040751836

gold and silver updates

 

GOLD :

Gold edged up on Thursday as the US dollar weakened in the wake of an oil producer agreement to curb output.

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Spot gold had risen 0.3 per cent to $1,325 an ounce by 0345 GMT. US gold futures were up 0.4 per cent at $1,328.60 an ounce.

Gold futures rose by Rs 61 to Rs 31,016 per 10 gram in futures trading today as speculators widened positions, tracking a firming trend overseas.

At the Multi Commodity Exchange, gold for delivery in October was trading higher by Rs 61, or 0.20 percent, to Rs 31,016 per 10 gram, in a business turnover of 323 lots. Similarly, the metal for delivery in far-month December rose by Rs 57, or 0.18 percent, to Rs 31,095 per 10 gram in 167 lots.

Gold MCX Oct : Buy

Target : 31,155

Stoploss : 30,770

SILVER :

Silver was up 0.4 percent at $19.24 an ounce.

PLATINUM :

Platinum and palladium rose over 1 per cent to $1,033.99 and $717 respectively. Palladium earlier touched its highest in over seven weeks at $721.30.

 

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