MCX Free Tips | Gold declined by Rs 150

After four consecutive days of gains on Thursday declined by Rs 150 went to sleep. Now the price of gold went down to 29 600 rupees per 10 grams. While silver is still intact. MCX Free Tips Silver closed at Rs 450 per kg to Rs 42 650. The recent boom in gold prices have plummeted due to the purchase of domestic jewelers and retailers.

So the fall in prices  

Retailers Jewelers and bullion traders said domestic demand has plummeted. This went a decline in gold prices. Although the global market rally in gold is to find support.

Silver prices rallied by Rs 450

Rs 450 went silver in the bullion market is expensive. As a result, silver ready prices went 42 650 rupees per kg. Weekly-based delivery rose by Rs 42 265 to Rs 395 per kg to close at Rs. 

Silver may give 25 percent Return in 2017

This year could be more profitable to invest in silver than gold is. Experts believe that both commodity and bullion traders could outperform silver in 2017. MCX Free Tips- According to experts, there will be more demand for silver increased industrial consumption. The gold-silver ratio will improve. Rs 48 per kg of silver in 2017, is touched. In terms of 25 per cent return on the investment is expected.

The demand for silver in solar panels and electronic products will be more. The price of silver will increase in 2017. Although the first quarter the price of silver will go down, but then increase its prices by more than 20 per cent.

When shopping for silver 

Experts say that the first quarter of the financial year is difficult to have much improvement in silver. Before March 34 thousand per kilogram, prices could come by. This level would be beneficial to invest in silver. After the first quarter, the outlook for silver is better and it can outperform it further. The level of 34 thousand shoppers will get a better return. 

Gold-silver ratio is expected to rise

When gold prices rise, the price of silver more than gold increases. So, too, will be a good year in 2017 in terms of silver. So in the long term by investing in silver can get good returns.

Equity Tips- CALL: - BUY CHENNAI PETRO

ABOVE 314

Target1- 317

Target2- 324

StopLoss- 311.20