Gold Set a New Record Price Level

Gold today has again set a new record. MCX Gold achieved 31,524 Rupees per 10 grams new record price level. In the spot market price of gold has gone beyond Rs 31,850. At Comex the gold set the $ 1,698 per ounce level, which is the highest level in 6 months.

However, in today’s trading due to weakening of the euro against the dollar, gold seems sluggish. Also on Tuesday, the U.S. economic figures were even worse that put the pressure on gold. In August, the U.S. manufacturing figures are the lowest in 3 years.

But despite the rapid market analysts believe that gold should be included in your portfolio.

The silver is approaching record levels of 7 months. Although the dollar rally was stopped because silver is currently booming. Currently, with a decline of 0.2 per cent on MCX silver is trading at Rs 60 475. MCX Copper fluctuation seems. Even in base metals on MCX have gained 0.1-0.5 percent.