Indian Bullion Share Market Live News By CapitalHeight

Gold turned higher on Wednesday as the dollar fell, U.S. stocks dropped and a Federal Reserve president raised concerns about inflation expectations.

            Spot gold XAU= was up 0.6 percent at $1,093.25 an ounce at 3:40 p.m. EST (2040 GMT), while U.S. gold futures GCcv1 settled up 0.2 percent at $1,087.10.

          Gold rose for a second session on Thursday, recovering from a one-week low as pressure on global equity markets and weakness in the U.S. dollar underpinned the precious metal.

            Bullion dealer Sharps Pixley has opened Britain's first showroom making gold coins and bars available to private investors in the capital's exclusive district of Mayfair, the company said in a statement.

                Infosys' third quarter earnings beat analysts' expectations with profit rising 1.94 percent to Rs 3,465 crore and revenue growing 1.7 percent to Rs 15,902 crore Q-o-Q.

             The market has opened sharply lower following global turmoil after crude fell below USD 30 a barrel. The 30-share BSE Sensex lost 266.93 points or 1.07 percent to 24587.18 and the 50-share NSE Nifty declined 85.90 points or 1.14 percent to 7476.50

             The Indian rupee declined to 67.04 per dollar mark in the opening trade, the level it saw last on December 15, 2015.

           Asian shares skidded on Thursday in the wake of steep losses on Wall Street, while a rout in oil and commodities prices, with crude plumbing 12-year lows, heightened fears about the global economy.

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Latest Gold and Bullion Market Updates By CapitalHeight

Gold and Spot gold edged higher on Tuesday, snapping two sessions of decline, as concerns over China's economic growth. For more information 2 Days Free Trial, please visit our site at 
www.capitalheight.com/bullion-premium.php  or Call at 0731-6615050.               

Market Outlook:-

• snapping two sessions of decline, as concerns over China's economic growth and pressure on stock markets rekindled the safe-haven status of the precious metal.
• Spot gold firmed 0.2 percent to $1,096.4 an ounce by 0218 GMT, while U.S. gold futures were little changed at $1,096.1.
• Bullion is often seen as an alternative investment during times of financial uncertainty, although safe-haven rallies tend to be short-lived.
• Gold retreated on Monday as the dollar rose versus the euro, but the metal held around a nine-week high as pressure on stock markets continued to support investors' flight to safety.
• Global stock indexes and oil prices also dropped, continuing a brutal start to 2016.
• silver coin sales jumped on Monday after the U.S. Mint said it set the first weekly allocation of 2016 at 4 million ounces.
• The Sensex is up 46.48 points or 0.2 percent at 24871.52 and the Nifty is up 19.40 points or 0.3 percent at 7583.25. About 390 shares have advanced, 117 shares declined, and 49 shares are unchanged.
• Gold behaves like a safe haven at this juncture given risk aversion on Chinese equity markets and low oil prices.

Gold , Silver and Bullion Trading Market News

• Gold hit a fresh nine-week high above $1,100 an ounce on Friday, as investors sprinted to safe-haven assets due to jitters over the Chinese economy and tumbling stock markets.
• Spot gold was steady at $1,108.65 an ounce by 0044 GMT.
• U.S. gold rose to $1,113.10, also a nine-week high. Both have gained nearly 5 percent this week.
• Chinese markets face a day of high drama on Friday as share trading resumes with no automatic mechanism in place to restrict selling and the world watches to see if Beijing will allow its currency to fall yet further.
• The market bounced back on last day of the week after falling for previous four consecutive sessions. The Sensex rose 173.99 points or 0.70 percent to 25025.82 and the Nifty climbed 43.35 points or 0.57 percent to 7611.65 on short covering.
• Bullion was also supported by a softer dollar and the release of the minutes of the Federal Reserve's last policy meeting, assuring markets that U.S. interest rates would be increased only gradually this year.
• Spot platinum dropped 0.3 percent to $873.30 an ounce. Silver rose 2.1 percent to $14.30 an ounce.

                                                                                         PRICES AT 0044 GMT

                                                               Metal                  Last               Change          Pct chg

                                                              Spot gold             1108.65         -0.45              -0.04

                                                             Spot silver           14.29              -0.01             -0.07

                                                             Spot platinum     873.05           -0.75              -0.09

                                                             Spot palladium    494.25            2                    0.41

                                                             Comex gold         1108.4              0.6                 0.05

                                                             Comex silver         14.3               -0.044            -0.31

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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.

Live MCX Bullion Share Market News By CapitalHeight

Gold inched up on Monday, bolstered by a jump in oil prices and safe-haven bids from rising geopolitical tensions in the Middle East.

     Spot gold XAU= was up 0.3 percent to $1,063.50 an ounce by 0043 GMT. U.S. gold futures GCcv1 also rose 0.3 percent. Silver XAG= jumped nearly 1 percent to $13.91.

      Asian shares began their first trading of 2016 on a cautious note on Monday. U.S. stock futures were up 0.3 percent.

      The market has kick-started first trading week of 2016 on lower note. The Sensex is down 155.31 points or 0.6 percebt at 26005.59 and the Nifty slipped 49.30 points or 0.6 percent at 7913.90. About 631 shares have advanced, 557 shares declined, and 791 shares are unchanged.

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MCX Trading Market New Year Update By CapitalHeight

• Gold was steady on Thursday but poised to mark its third straight annual loss, ahead of what is likely to be another tough year with the prospect of higher U.S. interest rates and dollar strength.
• Spot gold XAU= was down 0.1 percent at $1,059.62 an ounce by 1238 GMT.
• Other precious metals have also been hit by dollar strength and the gold slump, and were headed for sharp annual declines.
• Silver XAG=, 0.1 percent lower at $13.84 an ounce on Thursday, looked set to end the year down about 11 percent.
• The U.S. Mint sold a record amount of American Eagle silver bullion coins and saw sales of its gold coins rise by 53 percent this year.
• The market started off the year 2016 and January series on a negative note Friday after rising 0.6 percent in previous session. The Sensex fell 50.99 points to 26066.55 and the Nifty declined 19.70 points to 7926.65.

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 http://www.capitalheight.com/bullion-premium.php or Call at 0731-6615050.

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. 

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