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Friday, 28 October 2016

Investment Opportunity In Gold and Silver on Dhanteras

Demand for bullion is expected to pick up ahead of upcoming festivals in India such as Dhanteras and Diwali, when gold is traditionally given as a gift. 

Gold prices eased at the domestic bullion market here ahead of Dhanteras festival, while silver too turned weak owing to lower demand from consuming industries. 
investment opportunity by TradeIndia Research

Spot gold was little changed at USD 1,268.31 per ounce at 0111 GMT. The safe-haven asset is up about 0.2 percent so far this week.

Commodity Tips Standard gold (99.5 purity) declined by Rs 50 to close at Rs 30,060 per 10 grams from Wednesday's closing level of Rs 30,110. 
Pure gold (99.9 purity) also went down by a similar margin to finish at Rs 30,210 per 10 grams as against Rs 30,260 previously. 

Silver (.999 fineness) to moved down by Rs 10 to conclude at Rs 43,090 per kg from Rs 43,100 previously. 

Free MCX Tips: Globally, gold rose marginally, on track to end the week barely changed as the market waited for more signs about the timing of an expected US interest rate rise from the Federal Reserve. 

Silver was up 0.6 per cent at $17.69 an ounce. 

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