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why bullion moving

Discussion in 'Fundamental Analysis' started by dipali, Jan 2, 2013.

  1. dipali

    dipali New Member

    Nov 22, 2012
    Likes Received:
    Due to depreciation in dollar price gold is showing a red sign, in the early trade on Tuesday morning. Dollar price is down by -0.15 against Indian rupees. The global gold price is also not in very strong position it is expected to trade between $1680-$1690. While on the MCX gold for February contract is traded low today, gold is expected to trade between 30550-31560. While the white metal is showing a good trend in the early trade it goes +180 point high to its previous close. Rupees position support the white metal and other base metal.

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