Gold struggles ahead of Fed meet on US rate hike views

Gold-silver sloth, one percent decline in crude

The US central bank Federal Reserve raising interest rates at the meeting starting today because of fears of a decline in gold. Gold in the international market has come down to $ 1065. Meanwhile, crude saw a recovery for some time but is now again looks weak. Brent crude close to $ 38. All signals on the domestic market were witnessing a slight decline in gold and silver

MCX gold is trading around Rs 25 330 were flat. Silver down 0.1 percent at Rs 33,500 with slight weakness looks Silver is trading below $ 14 perounce .

MCX crude oil slipped 0.75 percent to Rs 2,435 trades. However MCX Natural Gas with robust growth of 1.2 per cent is trading at Rs 127.9.

TODAY MCX TIPS Buy MCX Dec Lead between 115.30 – 115.40, SL – 114.50, Target – 117.50 /117.80

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