Live Gold Market Update

Gold was in the trading session ending Thursday. Yellow metal closed at Rs 31210 per 10 grams, down 0.34%. The yellow metal support levels are at Rs 31100 and 31150 per 10 grams. On the higher side Rs 31400 and 31420 per 10 grams are the cap to watch out for. Gold tested a high of Rs 31290 per 10 grams and Rs 31131 per 10 grams as low. For more information visit www.marketmagnify.com/freetrial.php

       Gold held on to its overnight gains in Asian trade on Friday and was headed for its fifth

straight weekly gain, as a recovery in equity markets post the Brexit vote was offset by a weaker dollar.

       The prices of Copper moved forward though weekend trades are expected to bring declines due to profit booking. MCX Copper closed last session trades at Rs 330.65 per kg up 0.70%. The highs for Copper was at Rs 332.15 per kg while low is at Rs 328.05 per kg. China is the world's largest copper consumer, accounting for 45% of global demand.

       Crude futures retreated from two-week highs on Wednesday, amid heavy profit taking, but still ended the second quarter with one of its strongest three-month rallies in seven years, amid a host of global supply disruptions in recent weeks.

       MCX offers more than 40 commodities across various segments such as bullion, ferrous and non-ferrous metals, energy, weather and a number of agri-commodities on its platform.
      Asian stocks rose on Friday as riskier assets continued to recover from the Brexit shock, while the pound came under renewed pressure after the Bank of England's governor hinted of an interest rate cut ahead. 

Nifty Reclaims 8150, Sensex Recovers; IT Stocks Up, SBI Falls 1%

The Sensex is down 159.76 points or 0.6 percent at 26466.15. The Nifty is down 54.45 points or 0.7 percent at 8115.75. About 94 shares have advanced, 221 shares declined, and 29 shares are unchanged. For more stock cash tips give a missed a call 78-79-88-11-22.

      Asian markets are positive after several weekend polls showed the remain camp regained momentum ahead of a referendum vote to decide the UK's future within the European Union (EU). The Britons will vote to decide if the UK should leave or stay within the 28-member EU trade bloc on June 28.
        Nomura expects domestic investors to take a backseat as well, at least until more clarity emerges from a continuity perspective.
         Paul Mackel, Managing Director-Head Of Asian Currency Research, HSBC expects to rupee to be around 69/USD by year-end and at similar levels by end of FY17.
         On Ambit’s scale of one to five for parameters like macroeconomic management, banking supervision and independence, Patel scores as an average of 3.3.
        Coal India (CIL) has been directed to conduct auction of coal-linkages for the non-regulated sector to ensure fuel supply to end users.

       In the mid-end segment (more than 110cc to less than 150cc) of the motorcycle market, as per SIAM data, sales were at 5,90,318 units in the April-May period this fiscal, up 35.57 percent from 4,35,412 units in the year-ago period.
         Infosys, Dr Reddy's Labs, TCS, ONGC and Cipla are top gainers while Axis Bank, ICICI Bank, Asian Paints, SBI and Lupin are losers in the Sensex.