GOLD – SILVER SPOT RATIO

Precious metals are trading higher on COMEX today. We look forward to prices to trade lower for the day, as market waiting for the outcome of the U.S. Federal Reserve’s policy meeting later in the day.

MCX Free Tips, mcx hni tips based on market updates provided by researcher team.

GOLD – SILVER SPOT RATIO

The gold/silver ratio, which measures the number of silver ounces wanted to buy an ounce of gold, is trading flat on Wednesday morning. The gold/silver ratio was trading at 68.50 ounces compared with 68.49 ounces on Tuesday.

gold-silver-trading

Gold edged lower on Tuesday, losing its luster as the Federal Reserve began its two-day meeting during which it is predictable to deliver the second U.S. interest rate hike in a decade and provide some insight into its outlook for 2017.

SPDR Gold Trust GLD, the world’s biggest gold-backed exchangetraded fund, said its holdings stood at 856.26 tones, remain unmoved from past business day.

Everyday commodity market updates from MCX HNI Tips blog

Look at today’s MCX (Base Metal) call

CALL:SELL ZINC

BELOW 182.55,

T1-182,

T2-181.60,

T3-181.20,

SL-183.45.