Market Update

Market Watch

Wednesday, 6 April 2016

Accurate Live Mcx Bullion Premium News


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FUNDAMENTALS

  • Gold held sharp overnight gains on Wednesday as soft global economic data and a tumble in equities sent investors scurrying towards the safe-haven metal.
  • Spot gold eased 0.2 percent to USD 1,228.30 an ounce by 0040 GMT on profit taking.
  • Bullion rose along with other safe-haven assets such as the Japanese yen as economic data out of Europe and the United States prompted a retreat from riskier assets.
  • SPDR Gold Trust , the world's largest gold-backed exchange-traded fund, said its holdings fell 0.28 tonnes to 815.44 tonnes on Tuesday.
  • MCX Copper closed at Rs 315.05 per kg on 5 April 2016 sharply lower from Rs 314.40 per kg on 4 April 2016.
  • Zinc futures tumbled in the domestic market on Tuesday as investors and speculators exited positions in the industrial metal amid weak physical demand for zinc in the domestic spot market.
  • Gold futures regained sheen on Tuesday as a renewed global stock rout and falling oil prices.

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