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Gold prices rose Wednesday, as investors ditched the metal's traditional hedge, the dollar, and set out in search for riskier assets, including stocks, currencies and precious metals.
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MCX GOLD April contract was trading at Rs 27971.00 down Rs 1.00, or 0.00%. It touched an intraday high of Rs 27976.00 and an intraday low of Rs 27927.00
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MCX GOLDGUINEA January contract was trading at Rs 21878.00 up Rs 39.00, or 0.17%. It touched an intraday high of Rs 21893.00 and an intraday low of Rs 21803.00.
MCX SILVER March contract was trading at Rs 51303.00 up Rs 274.00, or 0.54%. It touched an intraday high of Rs 51370.00 and an intraday low of Rs 51100.00. Crude oil prices rose 8.2% in 2011, the third consecutive annual gain as violence and social unrest spread throughout major oil producing countries in North Africa and the Middle East, sparking fears over a disruption to global supplies. |
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Commodities tips is an investment consultative company which fundamentally provides commodities tips that includes bullions, metal product and agro commodities traded in the MCX, NCDEX. MCX is Multi Commodity Exchange.The best commodities tips by keeping an eye on the global markets and co-relate the indian markets with it.
money management books kathleengurney.com |
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Gold prices are trading in a narrow range, however profit booking is expected around 27569 . Oscillators are suggesting flat to up move ahead.
Silver prices have ended the day by giving up all the gains in the morning session. Prices are expected to test 55100 - 54700, which should act as a support for buying with a stop loss of 53000.Oscillators are heading up. Nickel prices witnessed profit booking as it entered the resistance zone at 1030- 1035, one can buy around 1025 -1020 with a stop loss of 990. oscillators are heading up. |
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Commodities Tips is an investment consultative company which fundamentally provides commodity tips that include bullions, metal product and agro commodities traded in the MCX, NCDEX. MCX is Multi Commodity Exchange. This is exchange for trading commodities same as the BSE futures that is only for trading stock of companies. We are serving you the India's best and perfect MCX Tips.
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Gold prices have witnessed a support from 28040 -28020 and recovered from the low and ended higher, prices are expected to test 28300 -320 on higher end.
Silver prices are likely to remain positive if sustains above 56200 and test 57550 on higher end. Oscillators are in negative zone. |
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Gold prices recovered moderately at the domestic bullion market here today on renewed demand from stockists and investors amidst good jewellery offtake.
In contrast, silver fell on mild speculative selling coupled with reduced industrial demand. Standard gold of 99.5% purity climbed by Rs 90 to finish at Rs 27,984 per 10 grams from last Saturday's closing level of Rs 27,894. |
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