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2. HEADLINES
Gold, silver drop sharply on heavy sell-off,
global cues.
Gold prices plunged to hit nearly one-and-a-half-month
low at the domestic bullion market on hectic selling by
TRADING TIP: stockists and investors on the back of sharp fall in
overseas markets.
Sell Crude oil Jan Silver also nosedived on frantic speculative selling
pressure. Standard gold (99.5 purity) dropped by a
Below 4940
hefty Rs635 per 10 gm to close at Rs30,540 from
TGTS-4920/4890 Tuesday’s closing level of Rs31,175. Pure gold (99.9
purity) plummeted by Rs630 per 10 gm to finish at
SL-4962 Rs30,670 from Rs31,300.
Copper Near Lowest Level in Two Weeks on
U.S. Budget Talk
Sell Copper Feb Copper declined to the lowest level in almost three
weeks amid concerns that budget negotiations
Below 439.30
deteriorated in the U.S. Metal for delivery in three
TGTS-437/434 months fell as much as 0.5 percent to $7,885 a metric
ton, the lowest since Nov. 30, before trading at $7,886
SL-441.90 on the London Metal Exchange at 10:30 a.m. in
Shanghai. Copper for delivery in March on the
Shanghai Futures Exchange fell 1 percent to 57,070
yuan ($9,161) a ton.
Markets took some comfort from signs that US policy
WWW.EPICRESEARCH.CO makers may be coming closer to+91 9752199966 the
a resolution on
fiscal cliff, which is a series of tax increases and
spending cuts slated to start from January 1.
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