Gold Prices Decline, Silver Rates Slump Amid Muted Demand

Silver-Gold Prices Up on Global Cues, Silver Kiss Top Rs 41000

Gold Silver Reports (GSR) – Silver prices reclaimed the Rs41,000-mark by surging Rs250 per kg backed by increased offtake by industrial units and coin makers. Rising for the second straight day, gold prices edged higher by Rs10 to Rs31,870 per 10 grams at the bullion market today on persistent buying by local jewellers amid a firm trend overseas.

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MCX Crude Oil

Crude Oil Prices Up on Venezuelan Supply Troubles

Gold Silver Reports (GSR) – Brent crude futures LCOc1 were up 33 cents, or 0.4 percent, to $75.69 a barrel at 0101 GMT. U.S. West Texas Intermediate (WTI) crude CLc1 was up 38 cents, or 0.6 percent, at $65.11 a barrel. It ended the previous session 1.2 percent lower at $64.73 a barrel.

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India Gold Imports Are Said to Have Slumped for Fifth Month

Gold Silver Reports (GSR) – India Gold Imports Are Said to Have Slumped for Fifth Month — India’s gold imports shrank 39% in May, according to a person familiar with the information, the fifth month of decline as the world’s second-largest consumer enters a seasonally weak period for demand. Imports contracted to 77.6 tonnes from 126.2 tonnes a year earlier, the person said, asking not to be identified as the figures aren’t public. The purchases exceeded the 52.7 tonnes in April and are the highest so far this year.

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U.S Crude Oil Under Short Term Challenges

U.S Crude Oil Under Short Term Challenges

Gold Silver Reports – U.S Crude Oil Under Short Term Challenges — Short-term speculators may suspect downward conditions will prevail in the coming days after the dramatic rise upwards made by the commodity over the past few weeks.

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Crude oil

Crude Oil MCX Locked in Sideways Range Between 3630—3758

Gold Silver Reports – Crude Oil MCX Locked in Sideways Range Between 3630—3758 – Crude Oil on MCX settled up 0.49% at 3716 rose as the dollar index declined for the third consecutive session, following an array of data from the US, the world’s largest energy consumer, including the EIA inventory report, and ahead of the final Congress vote on the massive US tax reform bill.

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