हिन्दी ಕನ್ನಡ മലയാളം தமிழ் తెలుగు

Gold edges up; Hopes of economic recovery weigh

Posted by:
Published: Thursday, March 7, 2013, 12:39 [IST]
 
Share this on your social network:
   Facebook Twitter Google+    Comments Mail

Gold edges up; Hopes of economic recovery weigh

International gold inched up on Thursday, weighed by hopes of growing US economy as improvement in Jobs data indicated signs of recovery in the US economy which in turn dented gold sentiments.

International gold was struggling to breach above a key resistance level of $1,585 an ounce. Gold is likely to trade flat in the absence of any key factors driving its prices higher.

Gold on MCX for April delivery was seen trading at Rs 29,628 per 10 grams, higher by Rs 35 at 12.30 pm IST.

Silver inched up and was seen trading at Rs 55,145 per kg, higher by Rs 177 on the MCX.

The positive trend seen in the economy is making investors to look at other riskier investment avenues

Investors await the outcome of policy meet which is held later this month for further hints on monetary easing.

GoodReturns.in

Topics: gold, mcx
Write Comments

Please read our comments policy before posting

Company Search
Enter the first few characters of the company's name or the NSE symbol or BSE code and click 'Go'
Goodreturns iPad App
Goodreturns iPad App
Download GoodReturns iPad App and enjoy it. Learn more about Oneindia GoodReturns on the App Store.
Download Goodreturns iPad App