MCX gold July contract swelled nearly Rs 430 or 1.66 per cent to session high of Rs 26,395 and currently quotes at Rs 26,287 levels....
Amazing upswing in global prices...
Select momentum oscillators in favour of an upside....
MCX Gold is likely to consolidate in the broad range of Rs 25,800 to Rs 26,650 for the next few trading sessions....
Gold remained under pressure in the Asia electronic trades today weighed down by strength in the US dollar...
Standard Gold in Mumbai at Rs 26,445 per 10 gm....
MCX Gold futures for June rallied impressively on fresh buying as a clear break above Rs 26000 helped the counter....
Tariff value is the base price on which the customs duty is determined to prevent under-invoicing....
MCX June gold futures are trading Rs 85 at Rs 26195 per 10 grams....
Silver is likely to trade with a positive bias today....
MCX Gold June futures may rally to Rs 26,650-odd levels in the near term....
The rally in equity market has recently taken away the shine from gold as investors have taken away their money from gold and other commodities and have invested in the stock market....
In Mumbai silver spot traded at Rs 44,115 per kg, standard gold at Rs 26,360 for 10 gm and pure gold at Rs 26,505 for 10 gm...
The MCX Gold futures for June slipped after rallying in early moves but found very good support at Rs 26000 per 10 grams mark....
As traders booked profits as soon as the metal reached the $1399.9 per ounce in Asia....
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