Gold, silver trade flat on MCX

Subscribe to GoodReturns
For Quick Alerts
ALLOW NOTIFICATIONS  
For Daily Alerts
    Gold, silver trade flat on MCX
    Gold futures were seen trading lower on Saturday, gold futures for February 2012 contract, on MCX trading flat around Rs 30,582 per 10 grams at 12.50 pm IST.
     

    MCX silver futures were trading marginally lower, silver for March delivery was seen trading at Rs 59,381 per kg.
    On Friday, international spot gold edged lower, after rallying following positive economic data from China. Spot gold was seen at $1, 684 an ounce.

    Marketsmen believe that expectations on the Federal Reserve would continue its monetary stimulus will keep gold attractive.

    Gold is considered to be a safe investment during economic instability.

    On domestic front, the rupee firmed up against US dollar. The rupee plays an important role in determining the landed cost of the yellow metal, which is quoted in dollars.

    As per the Kitco News Gold Survey, Of those 26 participants, 18 see prices up, while three see prices down, and five are remained neutral. gold prices could try to take out the $1,700 area next week. Market participants include bullion dealers, investment banks, futures traders, money managers and technical-chart analysts.

    GoodReturns.in

    Read more about: gold silver futures mcx
    Company Search
    Enter the first few characters of the company's name or the NSE symbol or BSE code and click 'Go'

    Find IFSC

    We use cookies to ensure that we give you the best experience on our website. This includes cookies from third party social media websites and ad networks. Such third party cookies may track your use on Goodreturns sites for better rendering. Our partners use cookies to ensure we show you advertising that is relevant to you. If you continue without changing your settings, we'll assume that you are happy to receive all cookies on Goodreturns website. However, you can change your cookie settings at any time. Learn more