Monday, February 20, 2012

MCX Bullion (Gold and Silver) Tips and Trend For Today: 21st Feb '12

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Strong light is seen in gold, while silver is trading at the edge. Gold prices rose more than half a percent on Monday as growing optimism that European leaders will sign off on a rescue deal for Greece lifted the euro, and after China's central bank further loosened monetary policy. Spot gold was up 0.6% at USD 1,734.19 an ounce at 1210 GMT, while U.S. gold futures for February delivery were up USD 10.10 an ounce at USD 1,736.00.

Gold in the international market - it has seen a surge in silver. COMEX half per cent up on the gold with the 1737 dollar is trading above the silver with a jump of 1 per cent is trading above $ 33. Last week ended with gold in the domestic market to Rs 28 107, while silver gained nearly half a per cent to Rs 56 110 was closed up.

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