MCX GOLD JUNE CONTRACT SLIPS DOWN RS 225 TO RS 26,825.

MCX GOLD JUNE CONTRACT SLIPS DOWN RS 225 TO RS 26,825.


Standard

MCX Gold June contract slips down Rs 225 to Rs 26,825
Gold futures prices were trading lower on Friday at MCX, as speculators locked-in gains amid weak trends overseas.
Ms. Yellen did not reveal any indication of whether she will discuss the long-term prospects for the Fed to tighten in his speech at the Federal Reserve Bank of San Francisco conference on Friday afternoon.
At the Multi Commodity Exchange, the June contracts of gold quoted at Rs 26,825 down Rs 225, or 0.83 percent. Prices touched an Intraday high of Rs 26,962 and an Intraday low of Rs 26,781. So far 1364 contracts have been traded in MCX
While, April contracts were trading at Rs 26,607 down Rs 194, or 0.72 percent. Rates touched an Intraday high of Rs 26758 and an Intraday low of Rs 26559. So far 6619 futures contracts have been traded.
On Friday at the domestic bullion market, gold of 99.9 per cent purity advanced by Rs 150 to trade over three-week high at Rs 27,100 per 10 grams, a level last seen on March 4.
Similarly, gold of 99.5 per cent purity gained Rs 100 to Rs 26,900 per 10 grams on a firming global trend and sustained buying by jewellers to meet seasonal demand.
KheloMCX Analysts attributed the fall in gold futures on Friday afternoon amid a shaky dollar, as traders awaited the comments of the Federal Reserve President Janet Yellen later in the session.
On the Comex New York Mercantile Exchange, gold futures delivery in April fell 5.80% or 0.48% to $1,199 a troy ounce. Meanwhile, gold futures prices fell by 0.4% to $1,200.10 an ounce in Singapore.
To contact the KheloMCX Advisory Or Free trial Advisory Visit KheloMCX.com.

Comments

Post a Comment

Popular posts from this blog

Mcx News With Khelomcx:- Mcx Gold dips on firmer dollar, profit-taking; focus on ECB outcome.

Image
Mcx News With Khelomcx:- Mcx Gold dips on firmerdollar, profit-taking; focus on ECB outcome . http://khelomcx.com/ Mcx Gold prices eased on Thursday as the US dollar hovered near multi-week highs, while some investors locked-in profits ahead of major central bank meetings this month.  The European Central Bank is meeting later in the day, followed by the US Federal Reserve next Tuesday-Wednesday.  Spot Mcx Gold was down 0.2 per cent at $1,422.80 per ounce, as of 0303 GMT. US gold futures were down 0.1 per cent at $1,422.90.  "From last three days, Mcx Gold prices have been range-bound. Some money managers are starting to shut some positions to prepare for the Fed meeting, and also the ECB decision coming out today," said Benjamin Lu, analyst, Phillip Futures.  "Before the key events happen, people like to take in some profits because nobody knows what is going to happen. Some might capitalise on volatility to push prices slightly lower an...
Read more

Mcx Gold Rate Today: Mcx Gold futures hit record high on positive global cues .

Image
Mcx Gold Rate Today with Khelomcx: Mcx Gold futures hitrecord high on positive global cues . Mcx Gold futures inched up in early trade on Monday, taking support from positive global trends and amid brisk buying by jewellers in the spot McxCommodity market .  The government on Friday proposed to increase import duty on mcx gold to 12.5 per cent. The yellow metal and other precious metals could get expensive in the domestic market as a result of this. http://khelomcx.com/ For daily based free gold best and 90% accurate trading ideas on MCX and NCDEX get us on here:  http://khelomcx.com . Ahead of the Budget, India's gold imports declined by 3 per cent. The duty hike came at a time when the industry was demanding a cut in the custom levy. Mcx Gold tips provider in futures had hit a record high of Rs 35,100 in domestic market on Friday.  In global Mcx Commdity markets , gold prices steadied after hitting a one-week high in Friday’s se...
Read more

KheloMCX presents a guide for how to trade in mcx commodity market.

Image
KheloMCX presents a guide for how  to trade in  mcx commodity market . Beginners Guide How to Commodity Trading in India. Before invest or trading in a commodity market, you should gather as much information as possible about the market, as well as about the mechanics of investing in the commodities. You can get answer to such questions directly by contact to the  KheloMCX  advisory or learn commodity trading procedure step by step here. Step 1 :  Learn Commodity Trading Procedure . http://khelomcx.com v    Give a call and talk to  KehloMCX  market advisory about trading in commodity future.                                        v    We’ll give you clarification about Multi Commodity Exchange of India(MCX). v    MCX is an Indian electronic trading and settlement system with an international...
Read more