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Market Outlook:-

• Gold retained gains from a two-day rally on Wednesday, buoyed as markets shifted away from risk amid escalating tensions in the Middle East, fears of a slowdown in China and a slide in global equities.
• Spot gold was little changed at $1,077.80 an ounce by 0046 GMT.
• The metal's safe-haven appeal has shone through early in the year as relations between Saudi Arabia and Iran collapsed over the weekend after the Kingdom's execution of a Shi'ite cleric, a prominent critic of Saudi policy.
• A rout in the equity market also prompted investors to channel money towards gold.
• Bullion is often seen as a alternative investment during times of geopolitical and financial uncertainty.
• Asian stocks were subdued early on Wednesday as floundering crude oil prices continued to dampen risk sentiment.
• The market has opened lower as the Sensex is down 23.09 points at 25557.25. The Nifty is down 10.15 points or at 7777.25. About 825 shares have advanced, 300 shares declined, and 470 shares are unchanged.
• The total net long position of funds trading copper on the London Metal Exchange rose to 9,065 lots on Dec. 31 from a net long position of 4,283 lots on Dec. 18, the LME's Commitments of Traders Report (COTR) showed on Tuesday LME-CA-MNET.

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

Bullion Tips; Latest Gold Update News

The Reserve Bank of India is intervening in the rupee currency futures market. The central bank said in a separate statement issued on late Wednesday it would intervene in the exchange traded currency derivatives market if required. Take a Free Trial of our MCX Bullion Tips and Commodity Tips and gain sustainable profits in MCX and Commodity Market. For 2 Days Free Trial, please visit our site at www.capitalheight.com/bullion-premium.php  or Call at 0731-6615050.

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Gold was treading water on Thursday as investors stuck to the sidelines ahead of a widely anticipated U.S. rate hike next week, with even a slump in the dollar failing to trigger interest in the metal.

                       Spot gold XAU= was little changed at $1,073.31 an ounce by 0043 GMT, after closing down 0.1 percent in the previous session.

                    Bullion investors are cautious as the U.S. central bank is expected to raise interest rates for the first time in nearly a decade at its next policy meeting on Dec. 15-16.

                  Gold was steady despite a 1.1-percent drop in the dollar index .DXY on Wednesday.

Asian stocks slipped on Thursday as weak oil prices continued to feed global growth worries.

                   The Sensex is up 106.93 points or 0.4 percent at 25142.98, and the Nifty is up 31.85 points or 0.4 percent at 7644.35. About 682 shares have advanced, 201 shares declined, and 36 shares are unchanged.

                 Hindalco, Vedanta, Sun Pharma, Reliance and Tata Steel are top gainers while ONGC, Lupin, Dr Reddy's Labs and HDFC Bank are among losers in the Sensex.

Today's Bullion Market News By CapitalHeight

• Gold slumped to a near-six-year low on Thursday after comments from Federal Reserve chair Janet Yellen virtually cemented the case for a U.S. rate hike this month.
  
• Spot gold fell 0.2 percent to $1,051.26 an ounce by 0307 GMT.
• Inflation has not gone up since the imposition of Swachh Bharat cess in November, Rajya Sabha was informed.
  Shares of Wipro rose 1.6 percent in early trade on acquisition of Germany-based IT consulting & software company.
• Abhay Laijawala, Deutsche Bank has set December 2016 Sensex target of 29,000 implying an upside of 11 percent.
• The market has opened in red. The Nifty is down 30.20 points or 0.4 percent at 7901.15. The Sensex is down 100.16 points or 0.4 percent at 26017.69.
• The Indian rupee declined in the early trade. It has opened lower by 8 paise at 66.67 per dollar versus 66.59 Wednesday.
• Wipro, Axis Bank, Hero and Infosys are top gainers in the Sensex while ONGC, Hindalco, Bajaj Auto, Tata Steel and Tata Motors are losers.
• crude prices were hovering just above $40 in early Asian trading on Thursday.
• U.S. crude was trading at $40.23 per barrel at 0005 GMT on Thursday, up 29 cents from its last settlement, but down nearly 14 percent since the start of November.
• Gold prices could see another trigger later on Thursday as the European Central Bank announces its policy decision.
• Investors are rapidly pulling out of bullion funds, adding to the pressure on the metal. 

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Shares of ITC, Lupin, Tata Motors, ONGC, HUL, Cipla, Dr Reddy's Labs and Tata Steel were down 1-2 percent. The market extended losses for the second consecutive session today due to selling in FMCG, healthcare, metals and select banks stocks.  CapitalHeight would help you in incurring profits and hence minimizing the risk associated with Indian Commodity Market. For more info visit us at www.capitalheight.com/bullion-premium.php or call at +91 9993066624, 0731 - 6615050.

Live Market Update for Today Bullion Trading

• Gold prices revived on Thursday from more than five year lows hit in the previous session.
  
• Spot gold traded up 0.3 percent to $1,073.61 anounce by 0020 GMT.
• Silver tracked bullion, returning to positive territory after dropping to a 2-1/2-month low, while platinum languished at a seven-year low.
• Bullion prices have fallen for 14 out of 16 sessions under pressure from expectations that the U.S. Federal Reserve is set to raise interest rates next month.
• The Indian rupee has opened higher in early trade. It has gained 19 paise at 66.10 per dollar versus 66.29 Wednesday.
• Gold eked out small gains on Wednesday as another bomb scare in Europe and gunfire in Paris fuelled tentative safe-haven bids, but a firm dollar kept a lid on prices that hit their lowest in nearly six years earlier in the session.
• The market has opened higher after a sharp slide yesterday. The Sensex is up 165.64 points or 0.6 percent at 25648.16 and the Nifty is up 48.50 points or 0.6 percent at 7780.30. About 658 shares have advanced, 89 shares declined, and 24 shares are unchanged.
• Employee unions at Coal India today opposed the government's decision to sell 10 percent stake in the miner, with one of the trade unions threatening to go on strike against the divestment.
• Shares of Dr Reddy's tanked 7.5 percent intraday as the drug major is caught in a probe concerning possible violation federal security laws. Lundin Law PC has announced that it is investigating claims against Dr Reddy’s Laboratories concerning possible violations of federal securities laws.

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Indian stocks ended sharply lower on Wednesday, with investors pressing sales, tracking weak global cues. We at CapitalHeight help you in doing this with our Mcx Trading Tips. We help you in taking decisions like booking profit, partial profit, stop loss and loss balancing related to the Commodity that you own. We would help you in incurring profits and hence minimizing the risk associated with Indian Commodity Market. For more info visit us at www.capitalheight.com/bullion-premium.php or call at +91 9993066624, 0731 - 6615050.