Gold Silver Reports — India’s sovereign gold bonds debuted in two of the major stock exchanges in the country today. The gold bonds have been listed in BSE and NSE for trading at 11.5% premium to issued price.
Commodity News
Commodity News – Real-time Accurate MCX Commodity Market News and forecast for today. Best commodity market online tips through whatsapp and telegram by Neal Bhai.
Gold Target $1370 Year End, Dutch Bank ABN AMRO
Gold Silver Reports — The big Dutch bank ABN AMRO reiterated its $1370 year-end target for gold, which they originally set last February, after gold’s first move above $1240.
Silver Outperform Gold Again as Trader Demand
Gold Silver Reports — An ounce of gold bought as little as 73.1 ounces of silver on Friday, the smallest ratio in almost a month. Holdings in exchange-traded funds backed by silver are nearing an all-time high. This month, spot silver is up about 8.2 percent, compared with gold’s 4.9 percent increase.
After trailing gold last month, silver is outshining the yellow metal again.
Gold Slip While Silver Weekly Jump
Gold Silver Reports — Gold retreated from a 3-week high as the dollar strengthened after an employment report eased concern that the U.S. labor market was slowing. Silver headed for the biggest weekly advance since April as holdings in exchange-traded funds edged nearer to a record.
Zinc MCX Trading Levels 132-144
Gold Silver Reports — Zinc on MCX settled up 0.47% at 138.10 gained tracking LME Zinc prices which has surged as much as 25 percent in 2016 to the highest since July as miners supply less of the ore concentrate that’s refined to produce the metal, just as demand rebounds in China, the biggest user.
Natural Gas MCX Trading Levels 155 -185
Gold Silver Reports — Natural Gas on MCX settled up 6.71% at 173 surged to a nearly 9-month high after weekly data showed stockpiles rose less than expected, stoking expectations that US supplies could be falling at a time of rising demand.
Gold MCX Intraday Trading Levels 30050-29525
Gold Silver Reports — Gold on MCX settled up 1.04% at 29937 tracking gains from Comex Gold which jumped to their highest since mid-May settled above $1272 the highest since May 18 bolstered by a slumping dollar and expectations the Fed won’t raise interest rates until the jobs market improves.