Gold and Silver Market Recommendation

Gold Spot gold prices rose on Tuesday on weakness in dollar rallying crude oil prices prompted bullion investors to cover bearish bets ahead of a closely watched policy statement by the Federal Reserve. Despite yesterdays gain, gold was within $10 to its eight-month low, with investors unwilling to place big bets as they awaited clues on the timing of the next U.S. interest rate hike. Any increase in interest rates would dim the appeal of non-interest-bearing assets such as gold, also seen as a hedge against inflation brought by central bank actions. On the MCX, gold prices declined by 0.17 percent diverging from strength in international markets and closed at Rs.26954/10 gms. Silver Spot silver prices gained by 0.7percent on Tuesday in tandem with gains in gold prices. Besides, strength in the base metals complex coupled with weakness in the dollar index pushed prices higher. On the MCX, silver prices rose by around 0.18 percent taking cues from strength in international markets and closed at Rs.41479/kg. For More Detail Visit Our Site-- http://www.gravitaresearch.com/includes/commodities-tips.php Or Call On-- 9993716323,8827706187