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According to Achiievers Equities, Silver dropped adding to overnight losses, as comments from Federal Reserve officials added to expectations that a rate hike could come as soon as June.
Gold for delivery in June dropped Rs 140 or 0.48 percent to Rs 29,160 per 10 gram in a business turnover of 971 lots at the Multi Commodity Exchange.
Watch Manisha Gupta of CNBC-TV18 speaking about the current trend in commodities markets and currency market action.
Spot gold was little changed at USD 1,226.41 per ounce by 0033 GMT. The metal fell to USD 1,223 earlier in the session, the lowest since April 7.
Plastiblends India in its meeting held on May 24, 2016, has not recommended any final dividend on the equity shares and the Interim dividend of Rs. 5.75 per share (@ 115%) and special silver jubilee
According to Achiievers Equities, Silver dropped adding to last weeks sharp losses, as markets continued to factor in the possibility of another interest rate hike by the Federal Reserve as early
A global weak trend and a fall in demand from jewellers at prevailing levels pushed gold prices lower by Rs 80 to Rs 29,570 per 10 grams at the bullion market today.Silver continued to slide and fell
Watch the interview of Kunal Shah of Nirmal Bang Commodities with Manisha Gupta on CNBC-TV18. He spoke about the current trend in commodities markets.
At Multi Commodity Exchange, gold prices for delivery in far-month August fell Rs 89, or 0.30 percent, to Rs 29,860 per 10 grams in business turnover of 83 lots.
Spot gold edged down 0.1 percent to USD 1,247.30 per ounce by 0056 GMT. The metal fell to USD 1,242.63 an ounce, the lowest since April 28 on Monday.
Gold prices fell by Rs 105 per 10 grams at the bullion market on May 23, tracking a weak global trend amid easing demand from jewellers at prevailing levels.Silver, however, remained under selling
According to Achiievers Equities, Silver remained under pressure amid speculation the Federal Reserve will raise interest rates as soon as next month.
1 percent to 869.26 tonnes on Friday, the highest since November 2013.Among other precious metals, spot silver was little changed at USD 16.51 an ounce, while spot platinum was up 0.5 percent
Gold prices recovered modestly by Rs 55 per 10 grams at the bullion market in Mumbai on fresh buying by jewellers amid a firming trend in overseas.Silver, however, remained under selling pressure
Watch the interview of Himanshu Gupta of Karvy Comtrade with Manisha Gupta on CNBC-TV18. He spoke about the current trend in commodities markets.
According to Achiievers Equities, Silver dropped as market players continued to price in the improved chances of multiple rate increases from the Federal Reserve this year.
Watch the interview of Naveen Mathur of Angel Commodities with Manisha Gupta, Ekta Batra and Nigel D'Souza on CNBC-TV18. He spoke about the current trend in commodities markets.
Watch the interview of Faiyaz Hudani of Kotak Commodity Services with Manisha Gupta on CNBC-TV18. He spoke about the current trend in commodities markets.
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