Gold futures up on global cues

Gold futures were trading in the green in the domestic market on Friday on account of rise in speculative bets amid supportive global cues. According to the analysts, gold prices are expected to trade sideways from Rs 29,300-28,900.Fresh buying could be witnessed above Rs 29,300. 

At the MCX, gold futures for October 2017 contract is trading at Rs 29188 per 10 grams, up by 0.13 per cent, after opening at Rs 29170, against a previous close of Rs 29151. It touched the intra-day high of Rs 29215.

 

More Profit Miss Call This No 7879881122 And Earn Money In Commodity Market to click here https://www.marketmagnify.com.

Indian rupee opens lower at 64.18 per dollar

2017_2image_09_33_51072771635753628-llThe Indian rupee opened marginally lower at 64.18 per dollar on Friday versus 64.15 Wednesday.

Bhaskar Panda of HDFC Bank said, “Dollar index bounced on the basis of European Central Bank (ECB) concerns on euro strength. The USD-INR pair consequently could move a little higher keeping pace with other Asian currencies. We expect a range of 64.15-64.40 for the day.”

He further added, “The 10-year benchmark yield is expected to trade within the 6.52-6.54 percent range today.”

The dollar edged up against a basket of currencies in the overnight session after earlier falling on trump administration woes. However, the US currency remained subdued against the yen.

RBI still has room to slash key rate in current fiscal

RbinoteThe Reserve Bank still has room to cut the key policy rate in the current fiscal, veteran banker Naina Lal Kidwai has said, while stressing that banks should pass on the benefits of lower rates to customers, reported PTI. RBI reduced the repo rate by 0.25 per cent to 6 per cent earlier this month, citing reduction in inflation risk. The rate cut was the first in 10 months and brought policy rates to near 7-year low.

 

“There is clearly room for further rate cuts. But the rate cut from RBI is not good enough. The rate cut has to happen from the way banks engage with industry, and that is a function on how efficient the banks are, what are their NPAs, their losses,” Kidwai told PTI on the sidelines of a conference here. She further said the resolution of non-performing assets (NPAs) or bad loans, going forward, will be a “big positive”.

For Trending Share Market News & Updates Just Visit – marketmagnify.com/freetrial.php Or Give Miss call @7879881122

White metal rises amid positive global cues

00_plata_16824Silver futures were trading higher during the afternoon trade in the domestic market on Thursday taking positive cues from the global market. Market analysts said a firm trend in precious metals in global market mainly attributed to the rise in silver prices at the futures trade.

SELL SILVER SEP BELOW 39240 TARGET 39140-39000-38800 WITH SL 39500

At the MCX, silver futures for September 2017 contract was trading at Rs 39169 per kg, up by 0.79 %, after opening at Rs 39000, against a previous close of Rs 38,863. It touched the intra-day high of Rs 39,350.

More Profit Miss Call This No 7879881122 And Earn Money In Commodity Market to click here https://www.marketmagnify.com.

Save

Save

Gold imports jump over 2-fold to $13.35 bn in April-July

India’s gold imports more than doubled to USD 13.35 billion during the April-July period of the current fiscal, according to the data of the commerce ministry, reported PTI. Gold imports, which has bearing on the country’s current account deficit (CAD), stood at USD 4.97 billion in April-July 2016-17. In July this year, imports of the precious metal rose to USD 2.10 billion from USD 1.07 billion in the same month of the previous year.

Gold prices inched up early on Wednesday after two days of losses, with investors awaiting minutes from the U.S. Federal Reserve’s last meeting in July for clues on the pace of potential interest rate hikes.
Spot gold inched 0.1 percent higher to $1,272.81 per ounce by 0357 GMT, after falling for two straight days.
U.S. gold futures for December delivery was down 0.1 %at $1,278.50 an ounce.
                    Trading Ideas
* Gold trading range for the day is 28949-29229.
* Gold prices edged lower, pulling back from their highest level in around two months as concerns about tensions between the U.S. and North Korea eased.
* India’s gold imports are likely to jump by a third in 2017 to 750 tonnes on restocking by jewellers and as good monsoon rainfall is expected to boost demand in rural areas.
For Trending Share Market News & Updates Just Visit – marketmagnify.com Or Give Miss call @7879881122.

Save

Markets open on a positive note on Wednesday

The 30-scrip Sensitive Index (Sensex) on Wednesday opened on a positive note during the morning session of the trade.

The Sensex of the BSE after opening at 31,566.24 points, touched a high of 31,602.64 points and a low of 31,504.63 points.

On Monday the Sensex closed at 31,449.03 points. Tuesday was a holiday.

The Sensex is trading at 31,513.07 points up by 64.04 points or 0.20 per cent.

On the other hand, the broader 51-scrip Nifty at the National Stock Exchange (NSE) opened at 9,825.85 points after closing at 9,794.15 points.

The Nifty is trading at 9,819.25 points in the morning.

 

For Trending Share Market News & Updates Just Visit – marketmagnify.com/freetrial.php Or Give Miss call @7879881122

Save

1 153 154 155 156 157 319