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Friday, 11 July 2014

Get Live Morning Mcx Tips with Bullion Market Updates

The Mcx market gained support from India's decision to keep import duty on gold unchanged at a record 10 percent in the fiscal budget on Thursday, against expectations for a reduction. The move drove India's most-traded August gold contract up as much as 3 percent.
Gold prices eased in Asia on Friday, retracing overnight gains made on concerns about southern European banks. Gold futures for August delivery traded at $1,337.40 a troy ounce, down 0.13%, after hitting an overnight session low of $1,325.40 and off a high of $1,346.10. Gold rose on safe-haven demand while, weak euro zone factory data further bolstered the precious metal's appeal.
Natural gas futures fell to six-month lows on Thursday after official data revealed U.S. stockpiles rose more than expected last week. Natural gas futures for delivery in August traded at $4.118 per million British thermal units during U.S. trading, down 1.26%. The commodity hit a session high of $4.189 and a low of $4.117.
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