Gold, Silver price falls on stronger rupee

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Latest Updates on Gold, Silver Commodities: The price of precious metal Gold on Monday declined by Rs.300 toRs.39225/- per ten gram in the bullion market, in the absence of demand and a strong footing on the rupee, as per HDFC Security’s report.

Following Gold, the price of Silver was also on a slump, falling Rs.1400 to Rs.48500/- per get more information free commodity tips.

The Indian rupee appreciated 14-ps to 71.58 V/s the U.S dollar on Monday as China’s easing step and rate slash hopes by the U.S Federal stimulated investors.

Internationally gold was trading flat at the rate of USD1506 per ounce in New York, while silver traded lower at USD18.05-per ounce.

As per the expert’s analysis, Gold prices are hopefully to trade in a corrective manner in the near-term on the expectation of clarity on the U.S Fed Reserve rate and progress on U.S-China trade discussions.

On last Saturday, 7th Sept, gold closed at Rs.39,525 per ten gram while silver at Rs.49,900 per kg.kindly update for free mcx calls.

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