Sunday, 21 June 2015

Gold Drops On Global Cues, Low Demand; Silver Remains Weak update for 20 june 2015

Gold prices fell by Rs 100 to trade at Rs 27,100 per ten grams at the bullion market today, tracking a weak global trend along with easing demand from jewellers. Silver remained under selling pressure and shed another Rs 25 to Rs 37,025 per kg. Traders said besides a weak global trend, fall in demand from jewellers at existing levels, mainly capped the rising trend in the precious metal. Globally, gold fell by 0.14 per cent to USD 1,200.30 an ounce and silver by 0.46 per cent to USD 16.08 an ounce in New York in yesterday's trade. Also, an appreciating rupee against the dollar that made the imports cheaper, also influenced the sentiments to some extent, they said. At forex market, the rupee closed at one-month high of 63.55 against the US currency. In the national capital, gold of 99.9 and 99.5 per cent purity plunged by Rs 100 each to Rs 27,100 and Rs 26,950 per ten gram, respectively. It had gained Rs 270 in the previous two sessions. Sovereign also declined by Rs 100 to Rs 23,300 per piece of eight gram. Following gold, silver ready declined further Rs 25 at Rs 37,025 per kg and weekly-based delivery by Rs 255 to Rs 36,680 per kg. On the other hand, silver coins continued to be asked at previous level of Rs 54,000 for buying and Rs 55,000 for selling of 100 pieces.

About

Parag Patil is a technical analyst and trading system designer with stock excel programmer. I hope the articles and live chart of nse future and mcx on this Website will be as helpful and profitable to you . I try to update and post new articles tips everyday. My motto is to encourage the traders, so that they should able to understand the technique views behind the moment of stocks. I have deeply analyzed with many technical indicator with parameter and added to my amibroker afl. And even taken backtest report which is never being implemented. Any of the analyst expect me. Seeing all this you may understand that my views is more technical than commercial. If you are profited by my views I fill happy.

0 comments:

Dear Friends,
Sorry to say that you are suffered for the chart initially available, now they are restored and you can very well see the chart on money99.org similar to money99.in.
And all of you are intimated that we are going to develop more and more in money99.org to facilitate your dreamy demands.

Latest updates tips : Follow

© Copyright 2015 Money99. Designed by Parag Patil