Precious metal mcx gold has been gleaming shiny for traders for many years, but the indian commodity markets seems to started 2012 on a lighter observe with better profits than the gold in the first one fourth of this year.After outperforming the indian stock market for more than a several years, the gratitude in precious metal costs during the starting three months of this year was reduced than that of shares —in local as well as the international market.
An analysis of precious metal costs and stock markets motions shows that the local (India) stock market increased by about 15 % during the first quarter of 2012 — as opposite a gain of about 3 % in precious gold costs.
Gold costs increased by around 3 % and silver by around 8% amid January-March 2012. MCX Gold price in India increased from around Rs 27,700/ 10grams to Rs 28,450 during this time, while precious silver rallied from around Rs 51,200 to Rs 56,300/ kg.
In international market also, the precious metal costs have increased by around 4% in the starting three months of this year, which is reduced than most of the significant international inventory indices.
MCX Gold April:
Purchase around Rs. 28350 with a stop loss below Rs.28250 and targets Rs. 28550
