Gold Update:
Gold(Commodity tips) prices continued to fall for the fifth straight day and hit over three-week low of Rs 26,700 per 10 grams by losing Rs 110 at the bullion market today, tracking a weakening global trend amid subdued demand from jewellers and retailers. Silver too remained under selling pressure and fell further by Rs 250 to Rs 36,250 per kg.
Traders said besides a weakening global trend, as investors cut their holdings in bullion-backed funds to the smallest in two weeks on speculation that the Federal Reserve will raise interest rates in December, easing demand from jewellers and retailers mainly kept pressure on gold prices.
For more information regarding the Sensex nifty level, Equity tips, Commodity tips, stock cash tips, MCX trading tips call @ 8109999233 or fill http://equityresearchlab.com/Freetrial.php
Gold(Commodity tips) prices continued to fall for the fifth straight day and hit over three-week low of Rs 26,700 per 10 grams by losing Rs 110 at the bullion market today, tracking a weakening global trend amid subdued demand from jewellers and retailers. Silver too remained under selling pressure and fell further by Rs 250 to Rs 36,250 per kg.
Traders said besides a weakening global trend, as investors cut their holdings in bullion-backed funds to the smallest in two weeks on speculation that the Federal Reserve will raise interest rates in December, easing demand from jewellers and retailers mainly kept pressure on gold prices.
For more information regarding the Sensex nifty level, Equity tips, Commodity tips, stock cash tips, MCX trading tips call @ 8109999233 or fill http://equityresearchlab.com/Freetrial.php
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