Gold MCX CMP @29390
Gold Silver Reports – Gold trades lower as sentiment in equity markets continues to improve. A stronger INR too weighs on domestic prices. Investment demand meanwhile continues to support prices with SPDR holdings at highest since September 2014.
NCDEX Jeera Positive, Support at 14760 Levels
Gold Silver Reports ~ Jeera NCDEX continue to fall down last week due to limited demand for the old season crop. Moreover, good weather in sowing states, sufficient carryover stocks with local traders and weak export demand at higher levels also weighs on price. Jeera Mar’16 contract fall 1.5 per cent to close at Rs. 13,395 per quintal.
Gold Silver Reports ~ Gold edged higher on Friday after U.S. data showed economic growth braked sharply in the fourth quarter and the price of the precious metal was on track for its biggest monthly gain in a year after globalEconomic headwinds hit riskier assets.