MCX Commodity Trading Levels, Bullion Base Metals Energy Tips, Gold Tips, Silver Trend Today, Crude Oil Outlook, MCX Live Charts Today 2 August:-
MCX Tips Wishes U All "Happy Rakshabandhan"
GOLD UPDATES: On the MCX, Gold October contract declined by 0.5 percent and closed at Rs.29,607/10 gms in yesterday’s trading session. India raises gold import prices by $20/10 gms from $506/10 gms to $526/10 gms. The increase in gold import prices is in tandem with rise in global yellow metal prices. We expect gold to trade sideways on account bearish global market sentiments due to disappointment that Federal Reserve policy makers did not adopted monetary easing.Crude Outlook: The supply of crude has been dropped than what the analysts had expected. Its price got dropped to USD 89 per barrel. US crude prices rose by 77 cents to 88.83 per barrel. Oil prices moved up higher, off their two-week lows as US commercial crude inventories showed a decrease 6.5 million barrels.
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