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Today MCX market gains in gold, silver slack

10/14/2013

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In household markets, MCX gold have been trading around Rs 28,500. Throughout the first week, gold futures prices have declined drastically around 4.5 per cent. But still gold spot markets have been selling up to Rs 30,000.
Rupee against the dollar has opened weak today. On Friday last week rupees has increased the strain by poor IIP data. Sell-off in the silver has dominated. MCX silver is down to Rs 47,000. The fall in international market is visible pressures in the domestic market.


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