August 04, 2011

MCX Live News 04 Aug | MCX Online 04 Aug

The Gold prices at international market surged to a fresh record high on Wednesday as again gold for investors sought a safe haven in the face of a fragile global economy and mounting financial market at MCX also. Gold MCX spot at global market added $40, to $1,659 an ounce on the Comex yesterday. It is currently trading at $1654. MCX Gold October contract settled at 23806 price and registered a gain of 299 for the day in gold MCX. 
The MCX market for basemetals is expected to open on weak note in today's trading session.
The MCX market is showing buying sentiments for the bullion futures market. The Gold MCX (Oct) futures is recommended to buy at 23795 Rs. Silver MCX is recommended to Buy at 59010 Rs price.

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