Indian Gold trading flat: Global economies eyed

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Indian Gold trading flat: Global economies eyed
Gold futures hovered over the flat line on Wednesday, with Gold on MCX seen a mere rise of 0.27% to 0.70% in different expiries.

Investors are also playing on cautious note, by keeping their eyes open on global front.

Gold for delivery in October at the Multi Commodity Exchange opened at Rs 25,943 per 10 grams, and was trading in the range of Rs 26,010 – Rs 26,039 per 10 grams at 1:30 pm IST.

And, the metal for April contract delivery opened low at Rs 26,697 per 10 grams was trading in the range of Rs 26,718 – Rs 26,746 per 10 grams same time.

While, metal for immediate delivery was seen at Rs 25,998 per 10 grams.

On domestic front, 24 carat gold was is at Rs 26,950 per 10 grams and 22 carat gold is at Rs 25,200 per 10 grams.

Domestic buying looks strong due to on-going festive season.

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Read more about: gold, mcx, economy
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