Friday 12 August 2011

Gold Seen steady , Copper up on overseas cues.


India gold futures are likely to open steady on Friday as the firm cues from overseas markets are likely to be offset  by  a Strong rupee back home.
-There are we talk to gold is most active gold for delivery on the multi Commodity Exchange (MCX) last closed 2.03 percent lower at 25,673 rupees per 10 gram ,falling from Wednesday ,s   record of 26,457 rupees.
Now we can talk to Copper future that its likely open a tad higher ,extending previous session  gains,
-the most –active copper for August  delivery on the MCX last closed 2.4 percent higher at –
401.30                                               rupees                        per                                                kg
-London copper rose ,boosted by an overnight rebound in the US and European equities,and better-than –expected US Jobless claims data.
                       





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