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    • MCX Gold Updates - Gold Climbed at New Level of 30550

    Posted by Commodity Tips India
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    Gold in the domestic market has reached record heights. MCX Gold in Thursday's trading met it's highest price in the history. But in the international market price is below 15 per cent to record levels. With 0.3 per cent gain MCX gold is trading at Rs 30130. While inspot market of Delhi Golf managed to reach the record price of 30,550.


    Of course the currency is playing a vital role in the move of gold. But according to the AMFI's news, the investment in ETF gold has been decreased. In the current fiscal year the total investment in ETF gold is around at 9 Crore which was 690 Crores in last financial year.

    In the Starting of Financial year 2012 the price of gold was around 27,300 which is now on the level of around 30,000. MCX gold has gained 12% of increment in price.

    According to experts due to the growing weakness of rupee against the dollar has supported the gold to meet the new price heights.
      

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