Market Update

Market Watch

Wednesday 30 December 2015

Live MCX Bullion Market Status By CapitalHeight

  • Gold was little changed on Wednesday as thin liquidity and a firmer dollar capped price moves, although the metal remained on track to close the year lower for a third time in a row.
  • The precious metal has lost nearly 10 percent of its value this year, largely on fears that higher U.S. interest rates would hurt demand for non-interest-paying bullion.
  • Spot gold was steady at $1,069.40 an ounce by 0109 GMT, following a flat close overnight.
  • Oil prices fell more than 1 percent early on Wednesday after jumping 3 percent in the previous session.
  • The outlook for gold does not look very bullish heading into the next year, with several traders and brokerages predicting a drop in prices to $1,000 or below early in 2016.
  • The Sensex rose 48.81 points to 26128.29 and the Nifty advanced 12.10 points to 7941.05.
  • Asian shares glided higher in early trading, although investors are cautiously watching whether renewed selling in crude oil futures will dent sentiment. 
Take advantage of our calls related to the Bullion Premium Tips in the two day free trial pack. visit this site at www.capitalheight.com/bullion-premium.php or please call at +91 9993066624, 0731 - 6615050.
 

Monday 28 December 2015

Live Bullion Trading Updates By CapitalHeight



Gold slipped on Monday, tracking lower oil prices, but failed to get safe-haven bids despite weakness in the dollar and Asian equities as liquidity remained thin in a holiday-shortened week.     Spot gold eased 0.1 percent to $1,074 an ounce by 0259 GMT. Silver dropped 0.5 percent to $14.27.
      Oil prices fell after the long Christmas weekend, with international crude and product markets still well supplied in excess of demand.
     Gold is positively correlated to oil as the metal is seen as a hedge against petroleum-led inflation.
 Early next year, gold should move lower as the dollar will remain strong in the first half of next year.
          Many traders and analysts expect gold to fall to $1,000 an ounce or even lower next year.
         The 30-share BSE Sensex rose 99.48 points to 25938.19 and the 50-share NSE Nifty climbed 23.90 points to 7884.95. About 1022 shares have advanced, 355 shares declined, and 90 shares are unchanged on the BSE. 
CapitalHeight  provide best Tips for Trading on mobile. For more info can visit us at www.capitalheight.com/bullion-premium.php or call at 0731-6615050.

Wednesday 23 December 2015

Live Bullion Share Market Update By CapitalHeight

Gold drifted in a tight range on Wednesday, holding overnight losses, as investors awaited cues from the dollar and oil markets in thin pre-holiday trade. For more live update & Mcx Bullion Market Tips visit www.capitalheight.com/bullion-premium.php or call @ 0731-6615050; +91 9993066624.

Market Outlook:- 
  • Gold eased on Tuesday after a two-day rally, shrugging off the weak dollar and rebound in oil prices as dealers squared their books ahead of year-end amid typically light trade leading up to the Christmas holiday.
  • Spot gold XAU= was little changed at $1,073.46 an ounce by 0040 GMT. The metal eased 0.6 percent on Tuesday, snapping a two-day rally.
  • Bullion failed to get a lift from a softer dollar, weak U.S. housing data and a modest rebound in oil prices.
  • Trading is expected to be quiet as liquidity thins ahead of the Christmas holiday. Japanese markets were closed on Wednesday.
  • The metal is up 2.5 percent from last week's trough, which was near the lowest level since early 2010, reached after the Federal Reserve announced its first rate rise in nearly a decade, raising uncertainty over the pace of further increases.
  • The Indian rupee opened higher by 6 paise at 66.26 per dollar against previous close of 66.32.

Monday 21 December 2015

Indian Bullion MCX Market Live News

Gold steadied on Monday, retaining sharp gains from the previous trading session.
weakness in the dollar and equities helped the metal recoup some losses from a U.S. interest rate hike last week.
Spot gold had eased 0.2 percent to $1,064.16 anounce by 0039 GMT.
The metal saw some safe-haven bids on Friday after global equity markets fell sharply as slumping oil prices raised concerns about slower growth.
Gold's Friday move followed a 2-percent loss in the session prior to that, the metal's biggest single day loss in five months.
Bullion is still not too from a near-six-year low of $1,047.25 reached last week.
Sensex is down 94.31 points or 0.4 percent at 25424.91 and the Nifty is down 16.30 points or 0.2 percebt at 7745.65. About 356 shares have advanced, 183 shares declined, and 54 shares are unchanged.
Asia's markets traded in the red, after Wall Street's sharp losses on Friday. All their researches are based on the basis of the daily international and national economic news and market developments. For 2 Days Free Trial, please visit our site at  www.capitalheight.com/bullion-premium.php  or Call at 0731-6615050.


Friday 18 December 2015

Bullion Share Market Update By CapitalHeight



The market has opened lower on Friday after surging yesterday. The Sensex is down 59.71 points at 25744.07 and the Nifty is down 15.45 points at 7828.90. About 326 shares have advanced, 223 shares declined, and 40 shares are unchanged. when you invest money in bullion premium. Free trial is available.For 2 Days Free Trial, please visit our site at www.capitalheight.com/bullion-premium.php or Call at 0731-6615050, 9993066624.
 
Market Outlook:-

  • Gold steadied on Friday but largely retained losses made a day earlier when the metal suffered its biggest slide in five months after the Federal Reserve hiked U.S. rates for the first time in nearly a decade.
  • Spot gold XAU= ticked up 0.3 percent to $1,053.96 an ounce by 0051 GMT as the dollar eased on profit taking following sharp gains.
  • The metal slid 2 percent on Thursday, its biggest one day slide in five months. It is down 2 percent for the week in its worst weekly performance in six weeks.
  • Assets in SPDR Gold Trust (GLD), the world's top gold-backed exchange-traded fund, fell 0.70 percent to 630.17 tonnes on Thursday, the lowest since September 2008.
  • China could be facing peak coal demand for the first time ever as a cooling economy and structural changes in its industry hit consumption, paving the way for India to emerge as the main driver of global coal use by 2020, the International Energy Agency said.
  • Asian shares took their cue from Wall Street and slipped on Friday, but were still on track for gains in a week marked by the first U.S. interest rate hike in nearly a decade and a depreciating yuan.

Wednesday 16 December 2015

Bullion Market Live update By CapitalHeight



Gold drifted in a narrow range on Wednesday as investors awaited the conclusion of a Federal Reserve policy meeting at which the U.S. central bank is expected to raise rates for the first time in nearly a decade.

               A leading bullion association in India is offering free membership to jewellers across cities and small towns ahead of a planned launch of the country's first physical gold exchange.
                Zimbabwe should reduce the royalty fee levied on platinum producers from the current 10 percent to help mining firms offset the impact of low prices.
                Venezuelan central bank gold holdings declined in value by 24 percent between January and October, according to a central bank statement.
            The metal fell to near-six-year lows earlier in the month.
          Investors have already sent gold down 10 percent this year in anticipation of higher rates and the strength in the dollar.
               Indian Oil Corp (IOC) will decrease the price of diesel by about 1 percent from Wednesday and that of gasoline by 0.8 percent, reflecting changes in global fuel prices.
        Take advantage of our calls related to the Bullion Premium Tips in the two day free trial pack. For Accurate  Bullion Premium Tips & Market Update Call at 0731-6615050, 9993066624 and visit www.capitalheight.com/bullion-premium.php.

Monday 14 December 2015

Today’s Bullion Trading Update By CapitalHeight

  • Gold started off a crucial week on the back foot on Monday.
  • Spot gold fell 0.2 percent to $1,072.11 an ounce by 0042 GMT.
Higher rates are expected to hurt demand for non-interest-paying bullion, while boosting the dollar.
Gold has already slid 9 percent for the year, its third straight annual decline, in anticipation of higher rates.
The Indian rupee opened at a fresh two-year low at 67.09 per dollar.The Sensex is down 170.63 points or 0.7 percent at 24873.80 and the Nifty down 54.75 points or 0.7 percent at 7555.70. About 192 shares have advanced, 335 shares declined, and 66 shares are unchanged.Oil producers also saw sharp declines in their stocks in Asian trade.
       For more live update & Mcx Bullion Market Tips visit www.capitalheight.com/bullion-premium.php or call @ 0731-6615050; +91 9993066624