Following the sharp benefit for yellow metal and silver in January when yellow metal cost rose by 12% and silver by 20%, the condition in February 2012 was mega different.
Mcx Gold price raised by only 2.08% from the last January argent has added 6.50% to its value. What were the contests and decisions that may accept afflicted administration of gold and argent during last February? Part of it ability to accept to do with the current accommodation of the EU leaders to accept the bailout amalgamation for Greece. Will gold and argent rates reignite their assemblage from January and trade up amid March 2012? Let's assay the gold bazaar for February and accommodate a abbreviate outlook for silver and gold for March 2012.
Tally to the current analysis conducted by our gold market expert of
Indian commodity market, India’s gold acceptation may compress by 8% down to 901 tons in this year, chiefly due to higher rates.
Gold rates are acceptable to blow $2,000 by March 2012, apprenticed by the universal economic crisis, while yellow metal imports may touch 1,010 tonnes, according to our gold market analyst
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