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Gold futures trading flat, silver down

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Gold futures trading flat, silver down
Gold futures was seen trading flat after it rose marginally on Monday, Spot gold on MCX also fell to Rs 27,642 and spot silver rose and was seen trading higher Rs 55,596 per KGS

However, investors are cautious against taking any major move, as the direction still seems to be unpredictable due to uncertainties over the global economies and ahead of Greece new bailout deal.

 

At 2.55 pm IST, the gold for April delivery on the Multi Commodity Exchange (MCX) was trading at Rs 27,890.00 marginally down by Rs 1.

Domestic, Gold of 99.9 % was at Rs 28,090 up by Rs 50 and 99.5% at Rs 27,950 per 10 grams. Silver was seen trading at Rs 55,060 per kgs.

Marginal increase in gold domestically is due to buying by stockists to meet the demand for the ongoing marriage season.

While, silver for March delivery on MCX opened at Rs 56,201 per kg and was trading at of Rs 56,020 per kgs down by Rs 137 or 0.24%.

International gold was seen trading at US $1,717 a troy ounce.

GoodReturns.in

Read more about: gold silver futures mcx
Story first published: Monday, February 6, 2012, 15:13 [IST]
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