August 16, 2011

MCX India News for 16 Aug | Gold price Rise concern 16 Aug

  • MCX Gold prices has reached to its highest. The precious metal has even crossed the limit price of platinum and set itself as the most costly metal with a price of 26,550 levels. 
  • The MCX Gold eased for a third session on Monday. 
  • The COMEX has decided to take the decision to put Gold limit as to stop the price increment of gold.
  • The MCX India market came as the highest buyer of gold MCX and Silver MCX metals.
  • It is notably seen that within some years the Gold MCX and silver MCX has bought for more than 200 tonnes. 
  • The Gold price rising is also notably making the dollar weaker and due to this the US finding decline in its economy.
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