Gold steady ahead of US jobs data

Business

oi-Sneha

By Sneha B K

Published: Thursday, November 1, 2012, 14:17 [IST]

International gold was seen trading steady on Thursday ahead of U.S jobs data due later on Friday.

Sentiment was affected after China PMI data showed that China's manufacturing expanded for the first time since July, dampening hopes of further stimulus. China's official factory purchasing managers' index rose to 50.2 in October from 49.8 in September.

International spot gold was seen trading at $1,723 an ounce.

In India, gold futures for December delivery on the MCX was trading flat at Rs 31,102 per 10 grams.

Silver futures for December delivery on MCX was trading higher by Rs 200 at Rs 60,081 per kgs.

Delhi spot gold of 99.9% and 99.5% purity was seen at Rs 31,500 and Rs 31,300 per 10 grams, respectively.

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