Tuesday, August 21, 2012

MCX Bullion Tips and Crude Updates

MCX Bullion Tips

MCX Gold gained Rs 10 to Rs 30450 per 10 grams in the bullion market on Monday, Gold of 99.9 and 99.5 per cent purity rose by Rs 10 each to Rs 30450 and Rs 30,250 per 10 grams, respectively. While the white metal silver rose by Rs 300 to Rs 54,400 per kg on scattered buying for the festive season. The Gold is suggest to buy on lower level for good return and same in silver also.

Crude Oil Updates

Crude oil is filled up for the week. This week saw crude oil gained 3.4 percent. Because of the good economic data in the U.S., demand is expected to grow further in crude oil has gone shopping. Crude oil has been sold at the upper level. Projected demand decreases at high prices in the international market of crude oil is trading down about 0.5. Today is also sluggish domestic market moves. MCX crude oil is trading around Rs 5300.