Gold, silver flat on MCX

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Gold, silver flat on MCX
Gold futures on Saturday was seen trading flat after slipping in yesterday's trade.

On the Multi Commodity Exchange (MCX), gold for April delivery was trading marginally higher by Rs 1 at Rs 28,670 per 10 grams at 2.30 pm IST and had touched an intra-day high of Rs 28,686 per 10 grams.

Similarly, the metal for June contract was up by Rs 9 at Rs 29,040 per 10 grams.

Silver for March delivery rose by Rs 44 at Rs 58,448 and touched intraday high of Rs 58,487 per kgs.

Domestic gold of 99.9 and 99.5% purity fell further by Rs 75 each to Rs 28,865 and Rs 28,725 per 10 grams, respectively.

The fall was seen due to sustained selling by stockist and a weakening trend seen globally.

Read more about: gold, silver, futures, mcx
Story first published: Saturday, February 25, 2012, 14:45 [IST]
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