Market Update

Market Watch

Wednesday, 18 June 2014

Live Accurate Mcx Tips with Bullion Market Updates by CapitalHeight

In Bullion Market MCX SILVERM June contract was trading at Rs 42151 down Rs 241, or 0.57 percent. The SILVERM rate touched an intraday high of Rs 42365 and an intraday low of Rs 42150. So far 1906 contracts have been traded. SILVERM prices have moved down Rs 17348 or 29.16 percent in the June series so far. SILVERM prices have moved down Rs 4652 or 9.88 percent in the August series so far.
Gold prices pared some of its recent gains on Tuesday, ahead of the outcome of the U.S. Federal Open Market Committee decision due out on Wednesday. Last week, gold prices jumped when the World Bank released its latest report regarding the global economy. After trading at around $1,260 an ounce, prices broke above $1,270 an ounce.
Crude oil for delivery in August rose to a session high of $106.45 a barrel, before trimming gains to last trade at $106.38 during European morning hours, up 0.48%, or 51 cents. Wednesday’s government report was expected to show that U.S. crude oil stockpiles fell by 650,000 barrels last week, while gasoline stockpiles were forecast to decrease by 113,000 barrels.

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