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Sensex: 34142.1 +322.60 Gold: Rs.30514.00
Nifty: 10491 +108.30 Silver: Rs.38380.00
SMC's commodity updates for Sept 14 -
SMC's commodity updates for Sept 14
SMC | Published: 14 Sep, 2017  | Source :

Bullion counter may trade on volatile path as US CPI data and movement of greenback can give further direction to the prices. Meanwhile movement of local currency rupee can give further direction to the prices. Gold can move in range  of  29700-29950  while silver  can  move  in  range  of  40800-41400  in  near  term.

Gold fell  to  a  1-1/2-week low  on Wednesday ,  erasing  earlier  gains  as  the  dollar  index  jumped,  though  a  retreat  in  global  stocks  after  Tuesday's  record high prevented deeper losses. Concerns over North Korea's nuclear ambitions were a key factor driving spot gold prices  to  13-month  highs  last  week at  $1,357 .54  an  ounce.  Demand for  gold,  seen  as  a  safe  investment  in  uncertain times,  revived  earlier  after  U.S.  President  Donald  T rump  pledged  stronger  measures  against  North  Korea  and Pyongyang  promised  to  fight  off  what  it  said  was  the  threat  of  a  U.S.  invasion.

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SMC Research, founded in 1990, is India’s leading share and stock broker, provides a wide range of financial services and investment solutions. A blend of extensive experience, diverse talent and client focus has made us the 4th largest broking house in India(Source: Dun and Bradstreet, 2008). Over the years, SMC has expanded its operations domestically as well as internationally. Existing network includes regional offices at Mumbai, Kolkata, Chennai, Cochin, Ahmedabad, Jaipur, Hyderabad, Bangalore plus a growing network of 2100+ offices spread across 425 cities/towns in India.

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Disclaimer: The author has taken due care and caution to compile and analyse the data. The opinions expressed above are only the views of the author, and not a recommendation to buy or sell. Neither the author nor accept any liability whatsoever arising from the use of any of the above contents.