Gold Highlights ---
Increasing wants further financial reducing from the US Government Source in addition to weak point in the US dollar index led gold costs to trade higher in the worldwide markets today. In addition to this, rising crude oil costs also enhanced the inflation-led demand for gold which reinforced further benefit in costs. Decline in the Indian Rupee led MCX Gold Oct agreement to rise and hit its all time high of Rs.31,090/10 gms.
Silver Highlights ---
Spot silver increased around 0.6 % until 2.40 pm IST t yesterday mainly taking hints from rise in gold prices and a sluggish dollar index. However, combined market emotions to cap it distinct profits. The steel hit an intra-day great of $31.25/oz and was hanging around $30.95/oz until 2.40 pm IST. However, Rupee decline led MCX Silver Sept agreement to increase more than 1 % and touch an intra-day great of Rs.58,444/kg until 2.40 pm IST yesterday. Holdings in the iShares Silver Trust, the biggest silver-backed etf, decreased by 0.9 % to 9821.80 lots on Twenty fourth Aug 2012 as against 9732.31 lots on Seventeenth Aug 2012.
Increasing wants further financial reducing from the US Government Source in addition to weak point in the US dollar index led gold costs to trade higher in the worldwide markets today. In addition to this, rising crude oil costs also enhanced the inflation-led demand for gold which reinforced further benefit in costs. Decline in the Indian Rupee led MCX Gold Oct agreement to rise and hit its all time high of Rs.31,090/10 gms.
Silver Highlights ---
Spot silver increased around 0.6 % until 2.40 pm IST t yesterday mainly taking hints from rise in gold prices and a sluggish dollar index. However, combined market emotions to cap it distinct profits. The steel hit an intra-day great of $31.25/oz and was hanging around $30.95/oz until 2.40 pm IST. However, Rupee decline led MCX Silver Sept agreement to increase more than 1 % and touch an intra-day great of Rs.58,444/kg until 2.40 pm IST yesterday. Holdings in the iShares Silver Trust, the biggest silver-backed etf, decreased by 0.9 % to 9821.80 lots on Twenty fourth Aug 2012 as against 9732.31 lots on Seventeenth Aug 2012.
