Gold Silver Reports — Gold eased further today as a drop from about two month highs extended. Traders are eying the weekend and taking some money off the table after the sharp array of gains in the metal this week. The counter is quoting at $1242.75 per ounce, down 0.36% on the day. MCX Gold futures are also down 0.20% at Rs 28739 per 10 grams. Worries over poor speculative demand seem to be weighing on the metal.
Gold Silver Reports — Technically MCX Zinc is under long liquidation as market has witnessed drop in open interest by 9.27% to settled at 4335 while prices down 3 rupees.
Nifty Future Below 9180, Positionally Call Below 9180, Only Sell Sell Sell Nifty Future Buy Karna Mana Hai Nifty Future Target 8980—— 8850 Levels Neal Bhai …
Banknifty Future Below 21400 Only Weak, Sell Sell Sell We See Target Level — 20720——20220 Banknifty Future Buy Karna Mana Hai. Neal Bhai 9899900589
Gold Silver Reports — Gold slipped a bit as about two month highs triggered some profit selling. However, the recent recovery has enthused Gold bulls and a further uptick from hereon is quite possible. Indian imports are also rebounding, helping lift the sentiments. COMEX Gold is currently down 0.26% at $1247 per ounce. MCX Gold futures backed off from highs near Rs 28950 per 10 gram levels and ended down 0.30% at Rs 28800 levels. Further losses are possible if the counter drags under Rs 28700 mark today.
Gold Silver Reports — India is considering a cut in import duty on sugar from the current 40% owing to increasing inflation and downward revision of production targets by sugar mills, government officials said. India is the world’s biggest aggregate consumer of the sweetener and often imports the commodity when local output falls, to prevent prices from soaring.
Gold Silver Reports — The United States has got a lot of crude oil on its hands right now. According to data released by the US Energy Information Administration (EIA), stockpiles swelled by a further 4.95 million barrels to 533.1 million barrels.