Vague picture of US economy led the
international gold and silver market
into a sharp decline. In the international market, gold is at 4-month low. But
the weakness in rupee helped domestic bullion market and MCX elevated today in early trade..
.With a gain of 0.52 % on MCX, Gold
is currently trading at Rs 30640. The silver is seen at 0.62 per cent gain and prices are currently trading above
Rs 57700
MCX crude oil witnessed a very weak
start. Crude oil slipped 0.70 per cent in the domestic market and Currently
the price is below Rs 4950. Prices are likely to decline further till support
level of 4920 and if crude breaches this level, we can see further decline till
4860.
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