2014 June 18

Bullion Market Report

Market Commentary August gold closed lower on Tuesday but remains above the 20-day moving average crossing at 1265.30. Overall the technical indicators point out that Gold price will move sideways to higher prices in the near term. First resistance is at 1285. Second resistance is at 1305. First support is

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Gold, silver skid on stockists selling

Gold prices slipped after previous five session rally at the domestic bullion market today following heavy unwinding from stockists and retail investors amidst bearish global cues. Silver also fell back owing to speculative selling, coupled with subdued industrial off—take. Standard gold (99.5 purity) dropped by ` 310 to close at

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