For Quick Alerts
For Daily Alerts

International gold inches up; physical buying supports

International gold inches up; physical buying supports
International gold inched up on Wednesday supported by physical demand in China and Asian Countries. However, gain in equities could weigh the yellow metal sentiment. Spot gold was seen at $1,454 an ounce.

Gold may continue to be under pressure as there is still continuous liquidation in ETFs.

Domestically, gold futures recovered yesterday's fall and was seen trading flat at Rs 26,765 on the Multi Commodity Exchange at 11.45 am IST.

Silver futures for latest delivery was seen trading marginally down at Rs 44,803 per Kg on the MCX.

Traders are expecting to see a rise in physical demand as the gold buying festival Akshaya Tritiya is nearing, as it is considered auspicious to buy gold on that day.

Read more about: gold futures mcx
Story first published: Wednesday, May 8, 2013, 11:57 [IST]
Company Search
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