Gold Silver Reports — Technically Gold market is under long liquidation as market has witnessed drop in open interest by -2.48% to settled at 6130 while prices down 150 rupees.
Zinc Expected Next Trading Zone 181-190
Gold Silver Reports — Technically Zinc is getting support at 184.5 and below same could see a test of 181 level, And resistance is now likely to be seen at 188, a move above could see prices testing 190.
Commodities Weekly Research Report 06-03-17 to 10-03-17
Gold Spot Weekly Forecast Report March 6-10
Gold Silver Reports ⭐⭐⭐⭐⭐ — Gold prices declined in last week’s trading as the US dollar index (DXY), which measures the greenback’s strength against a basket of six major currencies, rallied. Gold prices fell to a low for the week on Friday, at $1,223 an ounce, the lowest level traded since February 15. At week’s end, however, the contract for April settlement on the COMEX division of the New York Mercantile Exchange ended well off the low of the day at $1,235/ounce. This represented a loss of 1.8% for the week overall.
Gold Surpasses Rs30000 Level Again, Silver Above Rs43000
Gold Silver Reports — Gold prices got past the Rs30,000-mark again by climbing Rs375 to Rs30,100 per 10 grams on Saturday, reflecting strong global uptrend and increased buying by local jewellers.
GST Council Decides on 5% Levy for Dhabas
Gold Silver Reports — The states and the Centre on Saturday decided on a 5% levy on dhabas and small restaurants under goods and services tax, while moving ahead with two key legislations, Central GST (CGST) and Integrated GST (IGST), with a final decision expected in a fortnight.
Donald Trump Relied on Conservative Media Sources
Gold Silver Reports — Donald Trump relied on conservative media sources to make his explosive claim that former President Barack Obama had the then-candidate’s phones tapped during the 2016 election campaign, according to a person familiar with the situation.