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Gold Silver Market in India

Gold Silver Seen Dropping this week in India
Indian precious metal futures trading are likely to fall this week on declining safe-haven benefit the precious metal and higher dollar, according to our gold market experts
Gold for next month delivery on the MCX was 0.40% lower at Rs.27, 800/ 10 gram.
The gold has started to lose its charm with hopeful United States data recently increasing buyer confidence in the restoration of the biggest economic climate. Sell gold 27,960-28,050, focusing on 27,460, with stop-loss Rs.28, 300
The dollars surrounded up against a gift container of foreign exchange, reinforced on safe-haven demand as risk feeling soured, and making strong profits in opposition to the Australia dollars amongst issues that China's hunger for raw materials could be reducing.
Dollar and precious metal much time move in other as the two contend for resources offshore.
Low physical need due to continuous strike by indian jewelers to fight the work increase could also think about on cost.
Silver, which dropped by 1% on Tuesday, could also follow the pattern in precious metal, experts said. Silver for next month delivery dropped 0.94 % lower at Rs.56, 990/ kg, after reaching a low of Rs.56, 900
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