Market Update

Market Watch

Tuesday, 24 November 2015

Live Mcx Bullion Market Trading News Updates

Gold languished near its lowest level in nearly six years on Tuesday, while silver and platinum also held near multi-year lows on a strong dollar and increasing expectations that the Federal Reserve would increase U.S. interest rates next month. 
           Spot gold was little changed at $1,069.67 an ounce by 0042 GMT.
    Silver steadied after slumping to $13.86 on Monday, the lowest since August 2009.
             Platinum was close to $839.50 reached in the previous session.
 The precious metals have been hit by strength in the dollar and expectations that the Fed would hike rates in December for the first time in nearly a decade.
             World equity markets slipped on Monday, with U.S. stocks ending slightly lower in quiet trading after strong gains last week.
The dollar rose to an eight-month high on Monday on hopes of a hike next month.
       Investors have been pulling out of precious metals funds at a rapid pace, further hurting sentiment.
The market has opened lower dragged by weak global cues. The Sensex is down 50.61 points or 0.2 percebt at 25768.73, and the Nifty is down 9.70 points or 0.1 percent at 7839.55. About 351 shares have advanced, 202 shares declined, and 47 shares are unchanged.
             The Indian rupee gained in early trade. It has opened higher by 10 paise at 66.37 per dollar against 66.47 Monday.
        Asian shares dragged their feet after a healthcare mega-merger failed to impress investors while the dollar held firm near an eight-month high as investors grew more convinced of a US rate hike next month.

The benchmark Sensex today recorded its first drop in three sessions after fluctuations for better part of the session, falling over 49 points as caution prevailed ahead of derivatives expiry during a holiday-shortened week. We help you in taking decisions like booking profit, partial profit, stop loss and loss balancing related to the Commodity that you own. CapitalHeight would help you in incurring profits and hence minimizing the risk associated with Indian Commodity Market. For more info visit us at or call at +91 9993066624, 0731 - 6615050.

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