Market Update

Market Watch

Wednesday, 20 May 2015

Live Mcx Trading Tips for Today Bullion Market

Gold struggled near its lowest in a week on Wednesday, holding steep overnight losses triggered by a stronger dollar and stock market, with traders now waiting for minutes of the Federal Reserve's last policy meet for clues on the US rate outlook. Spot gold had ticked up 0.2 percent to USD 1,209.20 an ounce by 0023 GMT, but was firm near the week's low of USD 1,205.39, reached on Tuesday.
MCX GOLD June contract was trading at Rs 27239 down Rs 57, or 0.21 percent. The GOLD rate touched an intraday high of Rs 27293 and an intraday low of Rs 27228. So far 1428 contracts have been traded. GOLD prices have moved up Rs 748, or 2.82 percent in the June series so far.
Gold prices rebounded mildly in Asia on Wednesday.
MCX SILVER July contract was trading at Rs 39133 down Rs 143, or 0.36 percent. The SILVER rate touched an intraday high of Rs 39250 and an intraday low of Rs 39131. So far 1506 contracts have been traded. SILVER prices have moved up Rs 255, or 0.66 percent in the July series so far.
Elsewhere, silver for July delivery gained 0.14% to $17.095 a troy ounce. Copper for July delivery fell 0.02% to $2.834 a pound.
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