Thursday, April 5, 2012

MCX Gold Tips and Trend For Today: Crude Updates: 5th April '12

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Global stocks dropped more than 1 percent and gold tumbled 2 percent to a three-month low on Wednesday a day after U.S. central bank meeting minutes dented hopes for more economic stimulus and as a Spanish debt auction drew weak results.

Gold in the international market- it has seen a surge in silver. Comaks 0.7 per cent with the gold is trading at $ 1,625. In the domestic market 1.5 per cent fall in MCX gold on Wednesday, gold closed at around Rs 28,000.

Crude oil has seen nearly 1 per cent, the price is around 102 dollars a barrel. 1 per cent in the domestic market slipped on Wednesday, crude oil closed below Rs 5250.

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