Market Update

Market Watch

Thursday, 7 August 2014

Get Mcx Tips with Latest Market Updates;Gold holds near 1-week high

Today in Mcx market Gold edged lower on Thursday after rising more than 1 percent the previous day as a firmer dollar offset concerns that tensions between Russia and the West over Ukraine could escalate. Spot gold was down 0.2 percent at $1,302.20 an ounce at 0933 GMT, while U.S. gold futures for December delivery were down $4.70 an ounce at $1,303.40.
MCX GOLDPETAL August contract was trading at Rs 2885 down Rs 4, or 0.14 percent. The GOLDPETAL rate touched an intraday high of Rs 2895 and an intraday low of Rs 2881. So far 3984 contracts have been traded. GOLDPETAL prices have moved down Rs 215, or 6.94 percent in the August series so far.
MCX SILVERM August contract was trading at Rs 43870 down Rs 74, or 0.17 percent. The SILVERM rate touched an intraday high of Rs 44148 and an intraday low of Rs 43825. So far 8069 contracts have been traded. SILVERM prices have moved down Rs 3236, or 6.87 percent in the August series so far.

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