Market Update

Market Watch

Tuesday, 1 July 2014

Live Mcx Tips Market Trends with Afternoon Updates

Gold climbed to a three-month high on Tuesday as a softer dollar and escalating violence in Iraq increased the metal's appeal, boosting inflows into the top bullion-backed fund. Spot gold climbed to $1,332.10 an ounce, its highest since March 24, and was flat at $1,327.00 by 0621 GMT. It gained nearly 1 percent in the previous session. 
MCX GOLD August contract was trading at Rs 27884 up Rs 108, or 0.39 percent. The GOLD rate touched an intraday high of Rs 27929 and an intraday low of Rs 27867. So far 1139 contracts have been traded. GOLD prices have moved down Rs 1416 or 4.83 percent in the August series so far.
MCX SILVER July contract was trading at Rs 44396 up Rs 282, or 0.64 percent. The SILVER rate touched an intraday high of Rs 44460 and an intraday low of Rs 44314. So far 907 contracts have been traded. SILVER prices have moved down Rs 9027, or 16.90 percent in the July series so far.
In Mcx Market on Tuesday gas flows to Europe via Ukraine remained stable and that volumes had risen this year, proof that foreign clients still wanted Russian gas. Russia cut gas supplies to Ukraine on June 16 in a dispute over unpaid bills but has continued to supply gas which Ukraine sends on to Russia's clients in Europe.

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