Stock Tips In Market For Gold And Silver

MCX Gold: While MCX gold prices in the international Stock markets closed in the negative territory in the last week, prices on the domestic bourses ended on a flat note. Rupee depreciation helped contain losses in the domestic markets and this in the past few weeks has been a major factor that has helped support prices despite a downward trend in the global markets. More Information about stock tips visit my site

From the short-term perspective, we expect the Rupee factor to continue to be supportive for Indian Stock MCX gold prices. The commodity in the international markets is performing largely like a risky asset and downside risks remain on the back of worsening macroeconomic concerns along with strength in the US Dollar Index.

Holdings in the SPDR Gold Trust, the world's largest gold-backed exchange-traded fund, declined around 1 percent to 1,270.27 tonnes on 25th May 2012 from the previous level of 1,282.95 tonnes on 18th May 2012.

MCX Silver: Spot MCX silver prices declined by 0.8 percent in the last week on the back of fall in MCX gold prices coupled with downside in base metals. Additionally, a stronger dollar index also exerted downside pressure on prices of the commodity. On the domestic front, prices traded on a flat note on account of depreciation in Indian Rupee and closed at Rs.54,448/kg on Friday.

On a weekly basis, holdings in the iShares MCX Silver Trust, the world's largest silver-backed exchange-traded fund, increased around 0.3 percent to 9,664.30 tonnes on 25th May 2012 from the previous level of 9,649.22 tonnes on 18th May 2012.

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