Gold Silver Reports – Gold Prices Edge up on Global Cues, Jewellers’ Buying — Gold prices edged higher by Rs20 to Rs31,270 per 10 grams at the bullion market on Monday, backed by a firm trend overseas and fresh buying by local jewellers. However, silver prices dropped further by Rs300 to Rs39,500 per kg due to reduced offtake by industrial units and coin makers.
Commodity News
Commodity News – Real-time Accurate MCX Commodity Market News and forecast for today. Best commodity market online tips through whatsapp and telegram by Neal Bhai.
The Government Gets Ready to Accept Gold as an Asset Class
Gold Silver Reports (GSR) – The Government Gets Ready to Accept Gold as an Asset Class — In the Union Budget 2018, finance minister Arun Jailtley announced the government’s intention to formulate a comprehensive gold policy, to develop gold as an asset class. In his speech, the minister said that the government will establish a system of consumer-friendly and trade-efficient and regulated gold exchanges in the country.
Nickel Drops the Most in Two Months
Gold Silver Reports – Nickel Drops the Most in Two Months – Nickel plunged by the most in two months in London as unexpectedly strong US jobs data triggered a spike in the dollar and a selloff across base and precious metal markets.
Crude Oil Loses Steam This Week as Dollar, Stocks Add to Shale Worries
Gold Silver Reports – Crude Oil Loses Steam This Week as Dollar, Stocks Add to Shale Worries – After its best January since 2006, the oil market wrapped up the week on a slump as a stronger dollar and weaker stocks added to concerns over booming shale production.
Silver MCX Sell Karna Mana Hai, Silver MCX Outlook By Neal Bhai Trading Zone 39220-40442
Gold Silver Reports – Silver MCX Sell Karna Mana Hai, Silver MCX Outlook By Neal Bhai Trading Zone 39220-40442 —— Technically now Silver is getting support at 39220 and below same could see a test of 38732 levels and resistance is now likely to be seen at 40170, a move above could see prices testing 40442.