Gold Silver Reports – Sensex Falls Below 32000, Nifty Trades Lower, Private Banks Stocks Fall – The BSE benchmark fell by over 200 points, pulling back from its record highs, on heavy profit booking in banking, FMCG, oil and gas, pharma and capital goods stocks after a recent rally. Offloading of positions by participants with Thursday being the last trading session of October series contracts in the derivatives segment pulled the index back from record levels, a broker said.
Commodities Weekly Research Report 23-10-17 To 27-10-17
Trend Down ⇒ Sell Gold MCX Between 29775 – 29875, Stop Loss – 30134 Target – 29120 ↔ 28925
Trend Down ⇒ Sell Silver MCX Between 40200 – 40300, Stop Loss – 41300, Target – 39300 ↔ 38400
Full Text of RBI’s Monetary Policy Minutes
Gold Silver Reports – Full Text of RBI Monetary Policy Minutes -Worry that rising consumer prices will threaten the Indian central bank’s inflation target of 4% led the majority of the Reserve Bank of India’s monetary policy committee to vote to keep rates steady, according to minutes issued on Wednesday. Here is the full text of the bi-monthly monetary policy statement of RBI’s Monetary Policy Committee.
Dhanteras Gold Sales Fall 30%
Gold Silver Reports – Gold demand remained subdued this Dhanteras, with overall sales falling by 30% compared with the 2016 festival season, but consumer purchases were higher than those recorded during Navratri and Dussehra late last month.
Commodities Weekly Research Report 16-10-17 To 20-10-17
Trend Up ⇒ Buy Gold MCX Between 29450 – 29550, Stop Loss – 29260 Target – 30010 ↔ 30180
Trend Up ⇒ Buy Silver MCX Between 39550 – 39750, Stop Loss – 38899, Target – 41040 ↔ 41280