MCX GOLD JUNE CONTRACT GAINS TO 1 PERCENT AT RS 26,964

MCX GOLD JUNE CONTRACT GAINS TO 1 PERCENT AT RS 26,964

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MCX Gold June contract gains to 1 percent at Rs 26,964Gold and silver prices today are bullish being viewed. Comex gold is trading above $1215. Gold is getting support as a decline in rates of China. In the domestic market, Gold is much more bullish.
Gold futures prices for April on MCX were trading higher at Rs 26,964 up Rs 273, or 1.02 percent. Prices touched an Intraday session high of Rs 26,964 and an Intraday session low of Rs 26,834. So far 74 contracts have been traded on MCX commodity exchange.
In the national capital bullion market, gold of 99.9 and 99.5 per cent purity flared up by Rs 180 each to Rs 27,300 and Rs 27,100 per 10 gram, respectively.
As Rupee weakness, domestic bullion prices got more support. Silver prices are also increasing. In the domestic market, silver is trading around Rs 37,000.
Silver ready rose by Rs 400 to Rs 37,600 per kg and weekly based delivery by Rs 530 to Rs 37,085 per kg.
Gold imports from India, the major consumer in the world, are about to emerge after Finance Minister Arun Jaitley threw the expectations of the industry for a tax reduction. Overseas purchases can jump to 100 metric tons in March from about 25 tons in February as jewelers and traders, that slow down purchases in anticipation of lower taxes.
While, at the global marketplace Gold in Singapore, climbed up by 0.8 per cent to US $1,223.34 an ounce.
To contact the KheloMCX Advisory visit here. Or Free trial Advisory Visit KheloMCX.comhttp://khelomcx.com/.

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