Breaking News

You are here » Indian-Commodity  :  Commodities  :  Gold Consolidates Status After Falling By 4.5% In The Last Week

09-May2011

Gold Consolidates Status After Falling By 4.5% In The Last Week

Gold costs are combining its stance close to its previous ending levels Monday after falling by about 4.5% in the earlier week, its most awful since Feb . 2009, as people stayed careful due to problems over the Europe`s sovereign problems and their repercussion on euro. The down side threats for it costs looks assigned for now as the decline in US dollar makes the dollar denominated item more profitable for owners of other money.

Gold commodities for June supply improved by 0.2% to $1,493.80 an oz on the Comex department of NYME , whereas the recognize yellow metal costs stayed definitely flat close to their past ending amounts of 1,493.75 an oz.

Related News

View all news

BT Cotton Seeds Businesses Targeting Earnings Of Rs 700 Crore This Season

BT Cotton seeds organizations are targeting earnings of Rs 700 cr this season as a result of a rise ......

Gold Challenges To Maintain Earlier Increases As The Problems In Europe Prolongs

Gold prices surrounded reduce on Monday because the euro solved their deficits in opposition to the ......

Copper Seems To Lengthen Uptrend As Dollar Recoils

Copper rates were able to lengthen the uptrend for 3rd instantly period on Monday, as traders proved......

Top News

View all news

TI Financial Holdings to make investment of up to Rs 50 crore

TI Financial Holdings has received an approval for the further investment in shares of Cholamandalam Investment and Finance Company (CIFCL) up to 300,000 equity shares Rs 10 each, up to a sum not exceeding......

Glenmark Pharma inducts into Dow Jones Sustainability Indices 2018

Glenmark Pharmaceuticals has been listed on the Dow Jones Sustainability Indices 2018. Dow Jones Sustainability Index (DJSI) is one of the most esteemed global benchmarks for sustainable business practices.......

Tata Steel completes acquisition of 51% equity stake in CPDPL

Tata Steel has completed the acquisition of 51% equity stake in Creative Port Development (CPDPL). Earlier, the company had executed definitive agreement for development of Subarnarekha Port &......