Last Updated : February 02, 2012 14:00
Sideways trend seen in gold, trade in MCX at Rs.27900-28150
Bullion counters may trade sideways. Gold can trade in range of 27900-28150 while Silver can trade in range of 56000-57000 in MCX.
Gold advanced to the highest level in eight weeks, gaining alongside equities and other commodities, as global manufacturing improved, weakening the dollar and boosting demand for alternative investments.
Manufacturing grew from the U.S. to India and China, fueling optimism the global recovery is weathering the debt crisis in Europe and driving a rebound in stocks and commodities including Copper and oil. India and China are the world’s largest bullion consumers.
Courtesy: SMC Global
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MCX SILVER MINI 999 31 August 2012
contract was trading at
Rs 57069 , up Rs. 339 . What's your view on it?
