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Wednesday, June 22, 2011

Mansoon Commodities Call Intraday | Bullion Tips For Today

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Silver is still trading at a decline in silver prices are up to Rs 54,000. Spot silver prices have gone up nearly 200 bucks. The gold futures are trading at a small edge since the early fall.

Snapping a five-day gaining streak, gold prices declined by Rs 35 to Rs 22,810 per 10 grams in the national capital today on slackness in demand at prevailing high levels amid weak global trend.

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MCX Commodities Daily Newsletter for Today 22 June 2011

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GOLD RISES FOR FIFTH SESSION ON DEMAND FOR HAVEN AMID GREEK DEBT CONCERNS.
OIL UP FROM 4-MONTH LOW; GREECE, EURO IN FOCUS.
COPPER EGDES UP; FOCUS ON GREECE CRISIS.
DOMESTIC OIL AND OILSEED TRADE BULLISH.

Gold prices rose on Tuesday as investors spooked by talk of a Greek debt default and contagion to other euro zone countries sought safety while a softer dollar also helped. Copper climbed nearly 1 percent on Tuesday as the euro rose against the dollar on hopes European leaders will cobble together a deal to stop Greece from default, but concerns about demand prospects persisted. Oil reversed early gains on Tuesday, turning negative in a bout of profit taking ahead of the expiry of the front-month U.S. crude futures contract.
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