Today Stock Market tips For Gold Falls From record

Today in Indian MCX gold futures eased from previous session's peak on Friday following a similar trend in the global stock markets and a firm rupee at home, but importers found the current price levels unattractive before festivals. More Information about stock market tips visit my site

* The key MCX gold for October delivery on the MCX was down 0.45% at Rs 31,326 per 10 grams by at 0939 GMT, falling from the previous day's record of Rs 31,818.

* Stock Global Market MCX gold eased on Friday from a near six-month high hit in the previous session as upbeat data from a struggling US labour market dimmed hopes for more stimulus measures from the Federal Reserve.

* The Indian rupee, which traded stronger on Friday, plays an important role in determining the landed cost of the dollar-quoted yellow metal.

* Festival season is underway in India, the world's biggest buyer of the yellow metal, and will continue until November. Weddings also take place during this period.

* MCX Gold imports to India are likely to fall by as much as 26%, or by 200 tonnes to 250 tonnes, in 2012 as record high prices hit consumer budgets.

* MCX Silver also fell from its peak following the yellow metal.

* MCX Silver for December delivery on the MCX was 1.06% lower at Rs 61,678 per kg.

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