Today Gold rises on Fed decision in demand

Gold futures were trading high during the morning trade in the domestic market on Thursday as investors & speculators build up fresh positions in the precious metal after the August US Fed meeting on Wednesday in which it kept key rates unchanged.

The US central bank hold interest rates unchanged at 0.25 % to 0.50 %. On the other hand, the Bank of Japan had adopted a target for long-term interest rates in its meeting on Wednesday.

At the MCX, gold futures for October 2016 bond is trading at Rs 31,283 per 10 grams, up by 0.25 %, after opening at Rs 31,250, against a previous close of Rs 31,205. It touched the intra-day high of Rs 31,284.

Read More- Gold Updates

Continue reading →

Live Commodity Market Price and Trading Tips Today

Today Gold, Silver, Copper, Crude and other base metals in MCX Commodity market are trading at positive prices. Today Gold is trading in the range of Rs. 27,700-27,900 and Silver is trading in the range of Rs. 53,100-53,300. Copper prices may touch the levels of Rs. 410 and Crude prices may touch the levels of Rs. 5300 in upcoming trading session. All base metals are trading at higher levels. We expect that all are trading same for the day.

Continue reading →