Wednesday, February 10, 2016

MCX Gold Prices jumps 1 Year high level ; MCX NCDEX Tips Today

Increasingly global and domestic demand in the gold bullion market, on Tuesday the prices jumped to Rs 710. About a year later, the price of gold was over 28 thousand and today also the prices have been reached 28,585 per ten grams. 

MCX Gold prices this year is the largest one-day fast. Meanwhile, industrial demand, silver also rose to Rs 37,230 to Rs 1,180 per kg occurred.  


Why bullion Rate Increased:
- Global Market steadily increasing domestic demand for jewellery. 
- The weakening of the rupee against the dollar is expensive imports , which had an impact on prices.
- The decline in stock markets around the world , making safe investments as demand grew.
- Manufacturers of industrial and coin from the silver boom in demand. 

Gold prices rose 16.67 % from January onwards: 
- On January1 the Gold Prices were Rs 24,500 per ten gram. 
- 9 February , gold prices reached 28.585 per ten gram. 
- From January 1 to February 9 in the domestic market the prices rose by 16.67  percent 
- Bullion Market , gold rose on Tuesday, the 8th day in a row. - In the last 8 days, gold has surged to Rs 825.

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