Sector Update: Energy Shares Down in Mid-Day Trading; Crude Tips Lower, Trades Under $84 a Barrel
October 13, 2011 by admin · Leave a Comment
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Moneycontrol » News » Markets » Local Markets India gold seen hitting another record Published on Tue, Apr 19, 2011 at 09:47 | Source : Reuters Updated at Tue, Apr 19, 2011 at 12:34 15 Reasons To Buy Gold Wealthdaily.com/Gold_Report Here’s why we think gold shouldbe on every investor’s mind. Ads by Google * * * * Share3 India gold seen hitting another record India gold futures are likely to extend gains, to hit another record high, following a firm trend in overseas markets where sovereign debt problems in the US and Europe stoked investor interest in the yellow metal, analysts said. The most-active gold for June delivery on the Multi Commodity Exchange (MCX) closed 1.2% higher at Rs 21,835 per 10 grams, after hitting a record of Rs 21,857, in the last session. Overseas spot gold gained 0.8% to USD 1,493.29 an ounce, off the record high of USD 1,497.20 hit in the previous session. Buying could be done in gold at Rs 21,740/21,750, targeting Rs 21,950, said Abhishek Chauhan, senior analyst with Angel Commodities. Copper: India copper futures are likely to ease a tad, extending the previous session’s losses, following overseas markets, analysts said. The most-active copper for April delivery on the MCX closed 0.7% lower at Rs 414.10 per kg in the previous session. Three-month London copper was trading 0.29% lower at USD 9,243 a tonne at 8:47 am. “We suggest to go short at Rs 416-417, for a target of 410,” said Chauhan. Tags: India gold futures, sovereign debt, yellow metal, Multi Commodity Exchange, spot gold, copper futures MCX Gold Tips Get tips on gold,silver,crude,zinc, copper on your Cell Phone. CapitalVia.Com/Join-Free-For-Tips Commodity Get Commodity Tips on Your Mobile Gold, Silver, Copper, Mentha, Zinc www.shareinfoline.com Ads by Google PREVIOUS STORY Buy HDFC Bank; target of Rs 2670: KRChoksey NEXT STORY Manufacturing revs up as trade deficit looms Comments Have an opinion on this news? Post your comment here. Type your message here
April 19, 2011 by admin · Leave a Comment
India gold futures are likely to extend gains, to hit another record high, following a firm trend in overseas markets where sovereign debt problems in the US and Europe stoked investor interest in the yellow metal, analysts said.The most-active gold for June delivery on the Multi Commodity Exchange (MCX) closed 1.2% higher at Rs 21,835 [...]
