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Gold commodity recorded huge slump in the past week with the commodity losing near 1% to $1155 per ounce, marking is back to back losing streak as US dollar rose against major currencies. The USDX scended to a 12 year high topping the psychological 100 level. Persistent rising greenback makes a negative case for commodities denominated in the Dollar terms with gains coming due to speculation that the FED might talk about rate hike somewhere during the middle of 2015 in its meeting on March 17-18. In other developments Get MCX Calls here- http://mcxtips-stocktips.blogspot.in/2015/03/mcx-calls-for-today-buy-bullions-on.html

With the weakness of 0.2 per cent on MCX gold is trading below Rs 27,500. While silver slipped 0.3 per cent to Rs 38 640 break. Although nearly 1 per cent on MCX crude oil is trading at Rs 5070 with. While natural gas is trading at Rs 226.7 climbed 0.5 per cent.