Monday, November 14, 2011

MCX Gold, Silver updates

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Silver MCX Trend
COMEX Silver Dec futures also surged along with Gold futures and they ended with a gain of 1.69 percent on Friday to close at $34.682 per troy ounce from $34.106 per troy ounce the prior trading day. Silver is on condolidate phase, its trade around 57500, from now not any correction seems in mcx silver.

Gold MCX Trend
In precious metal there in no major data that can effect gold & silver, investment demand also improved over the past week when holdings at SPDR Gold ETF saw additions to the tune of 23.61 tonnes, however on Friday they remained flat and we saw no change in the holdings. Gold shows little correction but we can not suggest for fresh buyinh in gold from this level.

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at 11/14/2011 06:32:00 PM

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