Gold futures down marginally, silver up

Business

oi-Sneha

By Sneha B K

Published: Wednesday, January 25, 2012, 14:38 [IST]

Gold futures declined marginally on Wednesday as investors were waiting for the U.S. Federal Reserve's policy meeting out come, which could weigh on the dollar.

MCX spot gold declined to Rs 27,334, whereas spot silver rose by Rs 190 to Rs 54,863 per kg.

At 2.20 pm IST, the gold for February delivery on the Multi Commodity Exchange (MCX) was trading at Rs 27,357.00 down by Rs 26 or 0.09%. It opened at Rs 27,394 per 10 grams.

Similarly, the metal for April contract delivery was trading at of Rs 27,75610 grams down by Rs 14 or 0.05%.

While, silver for March delivery on MCX was trading at Rs 55,544 up by Rs 179 or 0.32%. It touched intraday high of Rs 55,720.

Overseas spot gold price rose and was trading at US $1,667 a troy ounce.

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