Market Update

Market Watch

Monday, 27 January 2014

Watch MCX Bullion Market Updates and Trends

Gold rallied for a third session on Monday to its highest in two months as equities fell on worries that capital outflows from emerging economies would continue, boosting bullion's safe-haven appeal.
Gold may extend gains toward $1,300 an ounce this week, with a close above the 100-day moving average of $1,275.60

Silver futures for delivery in March gained 2 percent to $20.235 an ounce.
MCX SILVERMIC February contract was trading at Rs 44934 down Rs 3, or 0.01 percent. The SILVERMIC rate touched an intraday high of Rs 45090 and an intraday low of Rs 44700. So far 27141 contracts have been traded. SILVERMIC prices have moved up Rs 2934, or 6.99 percent in the February series so far.

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