MCX Gold Updates & Rail Budget

RAIL BUDGET 2012-13|MCX Bullion Outlook|Silver Trading Trend|Base Metals|MCX Gold Updates|Commodity Market News And Live Rates For Today 14 March|Intraday NSE Stock tips for Tomorrow 15 March:-

Gold Updates :-Prices of gold on weighing down by strong US dollar traded moderately lower. US dollar got strength from the US Federal Reserve. The news that it will continue to rebalance the debt portfolio towards long term securities has also given strong support to dollar. Its effect was seen in glittering metal and this disappointed the bulls of this precious metal. In yesterday's trading MCX Gold April contract was declined around 0.7 percent. It touched an intra-day low of Rs 27,760/10 gms . Finally on yesterday it ended its trading session at the level of Rs 27,832/10 gms.

COMEX Gold (Apr) : Support at US$1,660/ounce and Resistance at US$1,706/ ounce.

MCX Gold (Apr) : Support at Rs 27,570

GOLD (Apr) : Closing-27832 S3- 27525 S2- 27650 S1- 27725 R1-27950 R2-28075 R3-28200

GOLD (Apr) : Sell Around 27900 Tgt1- 27800 Tgt2- 27725 SL- 28000

RAIL BUDGET 2012-13: Highlights

• Focus of Budget: Safety, consolidation & decongestion.
• To up Suburban train fares by 2 paise/km.
• Minimum platform ticket fare will be Rs 5 per ticket.
• Second class travel cost for 375 kms to rise by Rs12.
• Urge state governments to grant free land for new line projects.
• Fares in future may be linked to fuel prices.
• Fares hiked by 5 paise per km for sleeper class.
• For AC III tier increase of 15 paise per km, AC II tier increase of 20 paise/km, AC I increase of 30 paise/km.
• 75 new express trains, 21 passenger trains to be introduced.
• 900 stations to be upgraded; some to airportstandards.
• To electrify 6500 km line in 12th plan. Get Free Tips Fill the *FREE TIPS FORM*
  
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