COMMODITY UPDATES AND MARKET TREND ON GOLD AND SILVER : PremiumStock&CommodityTips CALL 08040751836
Gold edged up on Thursday as the US dollar weakened in the wake of an oil producer agreement to curb output.
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 was up 0.4 percent at $19.24 an ounce.
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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