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COUNTER

Saturday, October 17, 2009

Gold Prices & US Dollar Firm, Oil & Pak Rupee Declining.



Gold Prices in Pakistan are seems firm but it is a timely recovery, Gold rates are out of pressure as US Dollar getting firm in short term, Oil is also weakening today into the Asian market although Oil prices are firm in International market, closing at $71.50. Gold Price Tezabi (24-ct) is observed today at Rs. 27250/- per 10 grams which has gone upward as compare to last week, Gold is about to make new resistance which may move towards 28000/- per 10 gram as per Gold market experts “Gold is playing in a rang over few weeks and currently on the move of resistance and after touching it, the Gold prices will take a retracement and we may see Gold rates over the support level, So current market doesn’t suites to invest in Gold wait for the Gold in buying position”.

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