!Commodity & Bullion position!
Commodity Gold sees the selling position. Starting position of the gold very weak but now is turned down .International market is having an crash on the domestic market. The Gold on MCX was made up of glow down to Rs 29000.
MCX Silver also has recovered. Silver in the international market is around 1.5 percent on the base. Currently one percent silver on MCX is trading around Rs 55850 over power.
Now we talk about base metal so it’s also have good position today. All metals are traded on MCX fall is 1.74 percent .But in fact, the Chinese metals were down by poor manufacturing data.
Euro zone central banks have in use vital step to solve the debt crisis, which had risen in gold purchases .Further dollar weakness could also support gold.
Market Movers: -India’s October exports rose 10.85 percent to 198.8 bullion.
-NCDEX pepper moves up on Technical smash out.
-India’s Food inflation slips below 8 percent.
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