CAPITAL STROKE COMMODITY UPDATE 29 MAY 2014 : MCX GOLD

Gold dropped as investors assessed whether tension between Russia and Ukraine is easing and as the euro weakened.Indian gold prices dropped below 27000-level for the first-time due to the sustained selling by stockists and a weak global trend.CRISIL's, the gradual withdrawal of gold import restrictions may widen the country's CAD to $47 billion (2.2% of GDP) in fiscal 2015. 
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