Commodity Market Updates :
BUY NICKEL DECEMBER IN BETWEEN 580-580.50 STOPLOSS 576.50 TARGET 587.50 CURRENT MARKET PRICE-581.20
BUY SILVER MARCH MCX ABOVE 33355 ( AVERAGE ON DIPSA ROUND 32650) SL BELOW 32550 TGT 33850, 34200
The sharp fall in gold and silver prices in the international market is not taking a stop. MCX Gold prices were down 2 percent on Thursday Comaks was the biggest one-day fall in five months. However, on Nymex crude fell for the third straight week to its lowest level in 11 years has come.
Experts say that the US central bank Federal Reserve decision to raise interest rates, gold and silver as well as crude prices fall because of economic recovery in the US has intensified in the international market dollar index has reached the upper level of two weeks . Whose effect is to move the bullion market.
Gold: US interest rates rise, prices softened
Rates in the US is rising sharply in the commodity. COMEX gold and silver fell 2 percent to 3 percent. On the Comex price is under $ 1055. MCX Gold prices fell 11 percent over the year.
Commodity experts say that gold prices and the major cause of the world's largest gold ETF SPDR Gold Trust holdings fell 0.70 percent to 630.17 tonnes.
MCX Free Tips Today :
BUY SILVER MARCH MCX ABOVE 33355 ( AVERAGE ON DIPSA ROUND 32650) SL BELOW 32550 TGT 33850, 34200
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