Tuesday, June 9, 2015

MCX Gold Tips for Today 8 june 2015 | MCX Tips | Intraday Tips

FY16 : Gold prices may decline to up to Rs. 20,500 per 10 gms according to India Rating and Research. The agency believes changes in gold prices will greatly depends on the US interest rate decision. As such domestic prices may range between Rs 20,500-24,000 per 10 grams from the current levels of Rs 27,000.
Howevere it is said that US continues to delay the interest rates hike, while major economies Japan and Eurozone continue with their unconventional monetary policy . So, domestic prices could also increase from current levels and trade in the range of Rs 29,500-30,500.
The agency also believes that the local premium for gold in India will remain stable in FY16.

MCX Gold today is trading at Rs. 26771.00, 50 points fell down. Market of MCX Gold opened by 26,780.00
Low - 26,765.00

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