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It has also sought application of the 80:20 rule only beyond 55 tonne of gold needed per month to make jewellery. India needs around 650 tonne of gold to make jewellery.
Geojit Comtrade has come out with its report on metals and energy. According to the research firm, one can sell MCX Gold August around Rs 28000 with a stop loss above Rs 28200 for the target price
Goldguinea prices on MCX were trading flat on Wednesday. MCX Goldguinea August contract was trading at Rs 22827 up Rs 27, or 0.12 percent.
Goldm prices on MCX were trading higher on Wednesday. MCX Goldm September contract was trading at Rs 28094 up Rs 39, or 0.14 percent.
According to Angel Commodities, MCX gold and silver prices are expected to trade sideways taking cues from international markets.
Watch the interview of Kunal Shah of Nirmal Bang Commodities with Ekta Batra and Latha Venkatesh on CNBC-TV18. He spoke about the current trend in commodities markets.
Gold prices on MCX were trading with marginal gains on Wednesday. MCX Gold October contract was trading at Rs 28065 up Rs 94, or 0.34 percent.
Gold will drift lower in the second half of 2014, leading to a second yearly drop in the average price after a dizzying decade-long rally, as US monetary policy returns to normal and Asian demand
On December 30, banks had restricted the loans of up to Rs 1 lakh against pledge of gold ornaments and jewellery.
Goldm prices on MCX slipped on Tuesday. MCX Goldm September contract was trading at Rs 28034 down Rs 152, or 0.54 percent.
According to Angel Commodities, MCX gold and silver prices are expected to trade sideways taking cues from international markets
Curbs on gold import are likely to remain in place with Finance Minister Arun Jaitley today saying the government is inclined to continue with this measure along with other steps taken
Goldpetal prices on MCX were trading lower on Tuesday. MCX Goldpetal August contract was trading at Rs 2839 down Rs 5, or 0.18 percent.
Gold prices on MCX were trading lower on Tuesday. MCX Gold October contract was trading at Rs 27998 down Rs 130, or 0.46 percent.
Gold stabilised near USD 1,310 an ounce on Tuesday as escalating tensions over conflicts in Ukraine and the Gaza strip dented global risk appetite and burnished the metal's safe-haven appeal
violence in Gaza and Ukraine.Crude prices rise as US President Barack Obama spoke about addressing violence in Ukraine which has heightened the geopolitical risk premium. Gold steadies above the USD 1
According to Way2Wealth, one can sell MCX Gold around Rs 28110 with a stop loss of Rs 28293 for the target price of Rs 27563.
Goldpetal prices on MCX gained. MCX Goldpetal September contract was trading at Rs 2837 up Rs 8, or 0.28 percent.
Dani Commodities has come out with its report on bullion. According to the research firm, one can buy MCX Gold above Rs 28070 with stoploss Rs 28000 for the target price of Rs 28200.
Goldguinea prices on MCX were trading with marginal gains on Monday. MCX Goldguinea August contract was trading at Rs 22855 up Rs 52, or 0.23 percent.
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