Gold, silver decline on MCX

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Gold, silver decline on MCX
Gold remained choppy on Thursday following a weak trend witnessed globally. International gold was seen steady at $1,602 an ounce on worries the Cyprus rescue deal.

The dollar climbed against a basket of currencies amid improving US economic outlook. Investors are finding dollars On the flip side, US dollar has been appreciating against all major currencies.

At the Multi Commodity Exchange, Gold for delivery in April was trading at Rs 29,546 per 10 grams lower by Rs 86 at 02.10 pm IST.

Similarly, the metal for June contract down by Rs 95 to Rs 30,101 per 10 grams.

Silver futures for May delivery was seen trading lower by Rs 132 at Rs 53,930 per kgs.

Spot gold at MCX rose and was seen trading at Rs 29,570, while spot silver rose and was seen trading at Rs 53,512 per kgs.

As on March 28, Delhi spot gold of 99.9% purity was seen at Rs 30,125 per 10 grams and gold of 99.5% was seen at Rs 29,925 per 10 grams.

Read more about: gold, silver
Story first published: Thursday, March 28, 2013, 14:19 [IST]
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