Market Update

Market Watch

Friday, 13 December 2013

Latest MCX Market Updates for Today

Gold trading at its lowest in this week on Friday after strong U.S. retail sales data sparked fears of an early end to monetary stimulus and erased recent gains from a short covering rally.

Gold has lost 27 percent of its value this year and is headed for its first annual decline in 13 years.

While Silver fell to a one-week low, ticked up after a 4 percent drop overnight. Silver for immediate delivery fell as much as 1 percent to $19.3060 an ounce, the lowest since Dec. 6, before trading at $19.3913. The metal dropped 3.9 percent yesterday, the most since Dec. 2, and is headed for a second weekly decline.

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