Multi Commodity Exchange of India Limited (MCX) has opened five new delivery centers for gold in Hyderabad, Chennai, Kochi, Kolkata and Bangalore.. The move intends at bringing more inclusion of regional small & medium jewellers into organized hedging and delivery mechanism.. Read more..Continue reading
Nifty touched a new high of 11,620.7, while the Sensex reached new upper levels of 38,487.63. Buying has been seeing in midcap and smallcap stocks. BSE Midcap index gained 0.2% while a slight gain of 0.1% is seen in the Nifty midcap index.
The details of the last meeting of the Federal Reserve are a clear indication that interest rates are rising in the US next month and since then only light recovery has been noticed in the dollar. The impact has seen on the price of gold and silver in the global market