Gold slips on MCX, silver up

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Gold slips on MCX, silver up
Gold futures slipped by Rs 90 on Monday whereas silver rose by Rs 104 on the Multi commodity Exchange (MCX) at 3.30 PM IST.

Jewellers in India continue to be pressing for a withdrawal of excise duty on gold and said that they would extend the strike until the government withdraws it.  On Friday, bullion market was down due to sluggish demand for physical gold.

Gold was seen down and was trading at Rs 27,940 per 10 grams, Silver, which is exempted from recent tax gained and was seen trading at Rs 56,894 per kgs.

International gold was seen at $ 1,667 a troy ounce.

Read more about: gold, futures, mcx, silver
Story first published: Monday, April 2, 2012, 15:40 [IST]
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