Gold declines from record high; tracks overseas trend

Posted By:

Gold declines from record high; tracks overseas trend
Gold Futures in India declined in trade today on the MCX following a similar trend in the overseas market.

The most-active gold for December delivery on MCX was see trading at Rs 31,645 per 10 grams, lower by Rs 258 at 2.10 pm IST.

Gold for delivery in February was seen trading lower by Rs 253 at Rs 32,013 per 10 grams.

On domestic front, purity of 99.9% gold in Delhi was seen at Rs 32,240 per 10 grams and 99.5% spot gold was seen at Rs 32,040 per 10 grams.

In overseas market, gold dipped to $1,721 an ounce.

Physical buying may remain subdued due to high prices. However, dollar strengthening due to rising fears about Fiscal cliff and Greek debt deal could weigh further on the yellow metal.

Read more about: gold, mcx, futures
Please Wait while comments are loading...
Company Search
Enter the first few characters of the company's name or the NSE symbol or BSE code and click 'Go'

Thousands of Goodreturn readers receive our evening newsletter.
Have you subscribed?