12/15/2011 06:11:00 PM
Your Advisor
Gold Updates
Spot Gold prices fell 3.5 percent yesterday, the MCX Gold Futures February contract declined 2.4 percent, taking supporting from the fall in the Rupee. Investment demand for the yellow metal at SPDR Gold ETF showed some resistance from the fall as holdings remained unchanged yesterday. Today we have a range of data coming from both sides of the Atlantic with major emphasis being on the U.S. Jobless Claims, U.S. Net long term purchased of the securities and U.S. Current Account Deficit.
Silver Updates
The investment demand for the white metal at iShares Silver trust remained unchanged yesterday while Gold/Silver ratio rose to 54.8 from 53.15 indicating investment strength in Gold being more compared to silver. Silver prices in the international markets have taken a beating as the commodity fell below the crucial $30/oz, losing 6 percent in intra-day trade. Prices on the MCX however, slipped only 4 percent on account of Rupee weakness which protected further downside.
Crude Updates
Crude oil Stockpiles fell 1.93 million barrels to 334.2 million for the week ended 9th Dec, 2011 from 336.0 million barrels in the prior week. Gasoline supplies increased 3.82 million barrels to 218.8 million, the highest level since March. For intraday level crude is down side while for long term it seems on uptrend.
Here you can get mcx India live tips, commodity mcx tips, mcx commodity tips, crude updates daily. For all live mcx tips - Click Here
