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MCX Commodity Evening Updates- Monday 18th July 2011

Discussion in 'Stock Market News & Analysis' started by rohans305, Jul 18, 2011.

  1. rohans305

    rohans305 Member

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    Today morning, MCX Gold hits record highs while Asian Equity market tumbled as the lack of any break through to the growing debt crisis in the Euro zone and the US weak demand for risky assets.
    MCX Gold August delivery contract rose by 0.45 percent to 23199 rupees per 10 grams at Multi Commodity Exchange. Gold has reached a new record. On MCX, gold prices have been above 23150 per ounce.
    International market has been strengthened due to a rise in gold prices in the domestic market. Experts say that the gold rally will continue. Therefore, gold can be invested for the long term.
    Gold (from the perspective of 6 months): Sell - 23 800, Target......read full post from Crude Updates
    Source:- http://indian-commodity.blogspot.com
     
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