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PROFIT STREET MCX SILVER UPDATE OF 27 April 2017

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Silver trading range for the day is 39367-40621.Silver dropped as investors dumped safe-haven assets amid reduced concerns over the French presidential elections.U.S. Treasury Secretary Steven Mnuchin confirmed that the Trump administration’s tax plan will include a 15% corporate tax rate. Holdings at ishares silver trust gained by 0.90% i.e. 91.27 tonnes to 10272.97 tonnes from 10181.70 tonnes. Contact us: - +91-9913158794 Or visit:- http://www.profitstreet.in/ Mail us at:-  info@profitstreet.in

Gold price firms up to near 30,000-mark; silver regains 43K-level

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Gold costs rose for the fourth straight session Friday by using Rs a hundred to Rs 29,950 per 10 grams at the bullion market by reason of persisted shopping for by way of native jewellers and an organization development in a foreign country. Silver additionally reclaimed the Rs 43,000-mark per kg through gaining Rs 100 on the again of elevated offtake through industrial units and coin makers. traders stated sentiment remained firm largely in step with positive international cues and persevered buying through local jewellers to fulfill wedding season demand at domestic spot market. Globally, gold rose through zero.09 % to USD 1,287.eighty an ounce and silver through zero.33 % to USD 18.fifty two an ounce in big apple in the day gone by's trade. in the nationwide capital, gold of 99.9 p.c and ninety nine.5 p.c purity rose further by way of Rs a hundred each to Rs 29,950 and Rs 29,800 per 10 grams, respectively. It had received Rs 560 within the earlier three days. Sovere...

Gold rises on weaker dollar after US jobs data

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Gold prices edged up on Monday on technical buying and a weaker dollar after mixed US jobs data late last week muted expectations for near-term interest rate hikes.Spot gold had gained 0.3 per cent to $1,223 per ounce by 0300 GMT. US gold futures rose 0.4 per cent to $1,225.10 per ounce. US jobs growth surged more than expected in January as construction firms and retailers ramped up hiring, but wages barely rose, handing the administration under President Donald Trump both a head start and a challenge as it seeks to boost the economy. The dollar Index was down 0.2 per cent at 99.723.“Gold is pointing to push higher from all fronts on charts," said Brian Lan, managing director at gold dealer Gold Silver Central in Singapore. “Gold should be testing $1,225 today and the next resistance level would be around $1,230.” Spot gold may rise towards resistance at $1,249 per ounce, as it has managed to stand above resistance at $1,219, according to Reuters technical analyst Wang T...