After initial decline seen in international market, MCX bullion
metals followed the same and currently Gold Silver are
trading lower on domestic commodity market.
Gold ETF holdings of the domestic market have come down substantially, in June, investors withdrew a record Rs 230 crore from the market.
In MCX, 29600-29580 are the levels where Gold (Aug futures) is hovering around while silver has come down to 53280 after a decline of 0.50%. A range-bound session is expected to dominate the precious metals.
Gold ETF holdings of the domestic market have come down substantially, in June, investors withdrew a record Rs 230 crore from the market.
In MCX, 29600-29580 are the levels where Gold (Aug futures) is hovering around while silver has come down to 53280 after a decline of 0.50%. A range-bound session is expected to dominate the precious metals.
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