Wednesday, 26 November 2014

Mcx Market Base Metals Report

Base Metals
Base metals on the LME aprt from Aluminium traded on a negative note yesterday after a surprise fall in U.S. consumer confidence. In addition, investors doubted whether additional monetary policy easing in top metals consumer China would translate into a significant increase in demand.

On the MCX, red metal prices plunged by 1.5 percent and closed at Rs.404/kg on Tuesday.
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Today Gold and Silver Price in Mcx Market

Spot gold prices edged up by 0.3 percent on Tuesday and closed at $1200.7/oz as dollar weakness after data showed a deterioration in consumer confidence, offsetting better-than-expected U.S. economic growth numbers.

On the MCX, gold prices rose declined by 0.58 percent and closed at Rs.26326/10 gms.

Spot silver prices rose by 1.3 percent and closed at $16.7/oz in tandem with rise in gold prices. Weak dollar and poor consumer confidence further pushed prices higher. 

On the MCX, silver prices rose by 0.76 percent and closed at Rs.36520/kg.
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