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Gold, silver futures fall sharply; demand outstrips supply

Discussion in 'Trading Strategies & Systems' started by harreymartin, Jun 26, 2013.

  1. harreymartin

    harreymartin New Member

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    Gold and silver futures fell more than 2.5 percent and 4 percent respectively in tandem with the decline in the overseas markets. The actively traded gold for August delivery on MCX was 2.36 percent lower.

    Gold fell more than 2.5 percent on Wednesday to its lowest level in over a month and silver futures fell more than 4 percent, in tandem with declines in overseas markets, although supplies were not enough in the physical market to meet rising demand.

    The actively traded gold for August delivery on the Multi Commodity Exchange ( MCX ) was 2.36 percent lower at 25,931 rupees per 10 grams, after hitting a low of 25,758 rupees, a level last seen on May 20.

    Read more: mcxstar.com/ gold-silver-futures-fall-sharply-demand-outstrips-supply
     
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