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Gold tumbled more than 3 percent on Thursday from a record hit overnight in Asian trading, as a rebound in U.S. stocks, an increase in trading margins and technical signals spurred traders to take profits from the biggest rally since 2008.
Silver futures extended downtrend on Thursday due to subdued demand from the local markets and on tracking weak global markets.
At MCX Silver September contract is closed at Rs. 57907 per Kg, lower against the previous close.
MCX Crude Closed At 3799 it seemed to recovered and Today Seeming Buy indication.
Gold tumbled more than 3 percent on Thursday from a record hit overnight in Asian trading, as a rebound in U.S. stocks, an increase in trading margins and technical signals spurred traders to take profits from the biggest rally since 2008.
Silver futures extended downtrend on Thursday due to subdued demand from the local markets and on tracking weak global markets.
At MCX Silver September contract is closed at Rs. 57907 per Kg, lower against the previous close.
MCX Crude Closed At 3799 it seemed to recovered and Today Seeming Buy indication.
