MCX GOLD & SILVER UPDATES- 22 Feb 2016

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MCX Gold April future rates in India have started the day with a deep cut of Rs 414 at Rs 29,101 per 10 grams, on account of profit-booking amid weak NYMEX Gold market.

The shiny yellow metal tumbled to an intra-day low at Rs 29,053.

Right now, MCX Gold April future rates are down 1.4 percent (Rs 404) at Rs 29,111 per 10 grams.

So far 1,970-odd lots have changed hands at the counter, while the open interest has added 200-odd lots at 9,150 lots.

In the international market, the NYMEX Gold April future dropped a percent at $ 1,217.80 an ounce.

Meanwhile, Gold Mini March future prices are also down Rs 360 at Rs 29,072, or 1.2 percent.

The commodity slipped below Rs 29,000 to hit a low of Rs 28,975.

March Silver future prices are trading at Rs 37,502 per kg - down Rs 20. The precious white metal has touched a low at Rs 37,412 and a high at Rs 37,545.

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Commodity Tips Expert: - commodity tips , mcx trading tips , bullion commodity tips

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