Saturday 15 October 2011

Gold December Contract


The month December gold future contract was started from September 1st at the rate of 27,383rs to sept 6th at highest rate of 29,003 is nominated up to record levels. In sept 8 to 22 days, the range was 27,400rs-28,825 there. On sept 23rd, the trading was started at the rate of 28,269rs in same days it’s nominated to 9.44%. In yurep, the traders are waiting for clear indications and clear descriptions about rates of gold. In MCX the gold December contract is there approximately at 26,240rs. Compared to dolor the value of rupee was very weak in national markets. That’s effect on rates of gold. So that’s way we observe the value of dolor also. So there is no change in rate of gold. If anybody invests on gold they can wait from 23,800rs-24500 stage. Gold December future contract has support of 25,277rs-24,741-24,308 stages. We can see the comex gold at 1350-1930 dolors.

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