Friday, September 16, 2011

MCX Gold, Silver, Base Metals, Crude Oil Updates Today

Gold prices slashed by more than 1% on Thursday as sentiments  relating to debt crisis recovered somewhat. On Friday, COMEX Gold futures are again witnessing sharp fall of $ 10 and are  trading at $ 1771 per ounce. Indian Gold prices also tumbled to Rs 27470 per 10  grams, down from Rs 28154 per 10 grams on Wednesday.

Gold futures fell to its lowest since late August on Thursday, as efforts by global central banks and top European powers to end the region's debt crisis prompted investors to dump safe havens.

Copper prices
rebounded from one-month low to end in green on Thursday boosted by a weaker dollar after reports of fresh liquidity injections by central banks in the fourth quarter cropped up. Crude oil prices gained on Thursday on getting news of assurance by the major central banks to bolster funding for European banks.

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