First trading day of the week, the price of gold and silver is seeing a sharp decline. MCX gold has seen a decline of more than Rs 450, while silver nearly Rs 850 broken.
MCX Gold April futures declined by Rs 491 at 28,895, while March futures on MCX Silver declined by 900 and is at 37,080. In the international market selling in gold and silver.
Why the sharp fall in gold and silver :
Due to weak international cues are seeing a sharp decline in gold and silver have been Noticed. On Thursday, gold on the Comex at $1,264/ounce of gold a year, after which the upper level had touched on the quarterly is seeing.
Positive data from the Japanese economy and the US Fed interest rates have helped to delay the signs of global equity markets and investors once again began to pour into equity money from gold. While in China markets have not seen as much as was expected to fall today.
MCX GOLD is trading at 28,979.00, with fall of -407.00 or -1.39%. MCX Silver is Trading at 37,174.00, with fall of -810.00 or -2.13%.
MCX NCDEX Tips By Experts :
CRUDEOIL BUY ABOVE 2001 TGT 1 2022.03 TGT 2 2030.12 TGT 3 2056.12 SL 1988
LEAD BUY ABOVE 126.6 TGT 1 127.17 TGT 2 127.38 TGT 3 128.08 SL 126.25
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