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Friday, August 19, 2011

MCX Gold Tips and Market Report For Today 19 Aug 2011

Today MCX Gold October contract  extended more than 2.40 percent. Gold Hit new record 27890 per 10 gram and and discouraging physical buyers ahead of a slew of festivals and weddings, dealers said.
"Buyers were waiting for correction and they are waiting for correction, but nothing is happening. Price is rallying and buyers are at bay." Demand was negligible.
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MCX Commodity tips- Gold, Crude Oil and Silver Tips For Today 19 Aug 2011

In MCX Commodity  market upheaval is thrown. A sharp fall in the crude oil and gold is making new records. Is understandable that investors are confused that what strategy to follow up.

Gold prices have shot to prominence heights today. On MCX, gold prices have gone up to Rs 27,500. COMEX also touched the highest level of $ 1,867 .

The decline in stock markets around the world trend of investors towards gold has increased. In the past 3 months, gold prices has come 25 percent rise .
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