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Oct 10, 2012, 11.43 AM IST
Nirmal Bang has come out with its report on precious metal. According to the research firm, precious metals are trading marginally higher on COMEX today. Expect prices to trade higher for the day on account of gloomy outlook for global growth.
Nirmal Bang has come out with its report on precious metals. According to the research firm, precious metals are trading marginally higher on COMEX today. Expect prices to trade higher for the day on account of gloomy outlook for global growth.
Precious metals fell for a third consecutive session on Tuesday as a stern warning by the International Monetary Fund on global growth and worries about a slowing Chinese economy lessened bullion's appeal as an inflation hedge. Holdings in the SPDR Gold Trust, the world's largest gold-backed exchange traded fund, stood at 1340.52 tonnes by Oct 10, remains unchanged from the previous business day. Holdings in the world's largest silver backed exchange-traded fund iShares Silver Trust stood at 9920.18 tonnes by Oct 10, remains unchanged from the previous business day. Disclaimer: The views and investment tips expressed by investment experts/broking houses/rating agencies on moneycontrol.com are their own, and not that of the website or its management. Moneycontrol.com advises users to check with certified experts before taking any investment decisions.
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