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Thursday, 17 November 2016

Today’s Point of view toward Gold Silver Ratio

In the near term, gold costs are predictable to be under stress as we are nearing the end of 2016 and it is normal that the US Federal Reserve will climb its interest rates in Dec'16 meeting. Facilitate, liquidation of gold holding in the SPDR gold trust since the month of July is prompting to a solid case at lower gold costs implying towards weak investment interest for yellow metal.

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Gold prices went under stress and dove around 3 percent in Spot and additionally Comex. On the MCX, gold costs additionally declined by 2.6 percent yet decrease in the Indian Rupee reduce sharp fall in the commodity when contrasted with international markets. Commodity Tips on mobile by experts

The main cause behind down in the costs was because of host of financial information sets from the US which showed that development and idealism in the economy. Advance, the COT report likewise proposed that hedge funds have exchanged their positions in gold in the previous month which prompted to negative progess in the yellow metal.

Silver's costs will decrease couple with gold costs and has seen little adjustment in the gold/silver proportion in late time, which measures the number of silver ounces expected to purchase an ounce of gold, to its most reduced in over a year around 70.

free mcx tipsSpot silver costs and Comex silver costs have declined around 6.6 percent in Spot and by more than 7 percent in October 2016 while MCX silver costs have dropped around 7.3 percent amid a similar time.

The fall in silver costs was in accordance with drop in gold costs yet the white metal costs dove progressively when contrasted with yellow metal costs. 

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Gold Silver Ratio

Coming to Gold-silver proportion, it has expanded above 71 levels in start of Oct'16 from around 68 levels toward the end of Sep'16.


Gold-silver proportion speaks to the number of silver ounces it takes to purchase a solitary ounce of gold. At present, it takes around 72 ounces of Silver to purchase an ounce of Gold. 

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