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Gold trading flat in today's trade as stocks rebound


Gold trading flat in today's trade as stocks rebound
After a winning streak over past few days, gold is trading flat in today's trade as investors busy towards collecting equities.

The most traded commodity gold for October delivery on MCX opened high at Rs 28,175 per 10 grams and it touched a new high of Rs 28,284 per 10 grams, but then took an about turn. It was trading between Rs 27,800 – Rs 27,813 per 10 grams around 1:25 pm IST, lower as compared to yesterday same time.

Gold for delivery in far-month April opened high at Rs 29,012 per 10 grams and fell later in the day. It was trading in the range of Rs 28,654 – Rs 28,673 per 10 grams same time.

Though, gold for immediate delivery pushed up little and was seen at Rs 27,996 per 10 grams.

On equities side, the market recovered a bit after the losses.

The Benchmark Index Sensex was up by 193.01 points at 16,535.51 and Nifty was seen up by 62.55 points at 4,961.50.

Read more about: gold trade stocks investors
Story first published: Tuesday, August 23, 2011, 13:39 [IST]
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