MCX Tips For Gold Hits Record High

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In India benchmark October MCX gold contract extended gains on Monday morning to hit a record to high of Rs 31,076 per 10 grams, following a rally in the world stock markets and on a weak indian rupee. More Information about MCX Tips visit my site mcx-trade-tips.blogspot.com

International spot MCX gold rose to the loftiest level since mid-April on Monday, extending strong gains from last week as expectations for further monetary easing from the US Federal Reserve kept sentiment buoyant.

However, a rate rise is set to trim India MCX gold consumption, and subsequently imports, in the peak festive season.