China's net gold imports from Hong Kong stood at 83.6 metric tons in January, down from 91.9 tons in December 2013, signaling weakening gold demand in the world's biggest bullion consumer.Investors were cautious ahead of the US new home sales data due later today.
Gold futures for April 2014 contract, at MCX, is trading at Rs. 30,166 per 10 grams, down by 0.24 per cent, after opening at Rs. 30,240 against the previous closing price of Rs 30,240. It touched an intra-day low of Rs 30,112. (At 11:29 AM).
Dion Global Solutions Ltd.