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Friday, June 24, 2011

Precious Metals market Analysis Report and Prediction

 Gold, Silver and MANSOON Commodities Technical Analysis Report
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Both the precious metals on Friday registered notable losses on brisk selling by stockists, driven by weak global trend. While silver plunged by Rs 1,400 to Rs 53,300 per kg, gold shed Rs 230 to Rs 22,590.
No Tension In Bullion Trading
Besides, retail customers and jewellers refrained from buying and preferred to purchase on further falls, which further dampened the trading sentiment.
Crude Oil Outlook
Crude oil prices fall on NYMEX is looking after. However, still 6 per cent on MCX crude oil is trading with.  
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