For Quick Alerts
For Daily Alerts

Gold trades marginally higher on MCX

Gold trades marginally higher on MCX
Gold was trading marginally higher on the MCX with gold for December delivery trading higher by Rs 61 at Rs 30795, while Silver for December delivery was trading higher by Rs 41, at Rs 49750.

Gold has moved up in the last few trading sessions in line with international prices. Gold in the international markets have rallied largely on account of hopes that the Fed would delay its asset purchase programme in the US.

The Federal Open Market Committee is scheduled to meet shortly and is likely to place on hold any decision to taper off its asset purchase programme.

In India gold demand is likely to remain subdued ahead of the festive season. Indian gold demand has been dropping after the government levied a series of duties to discourage gold imports and help the falling rupee.

Story first published: Monday, October 28, 2013, 10:36 [IST]
Company Search
Get Instant News Updates
Notification Settings X
Time Settings
Clear Notification X
Do you want to clear all the notifications from your inbox?
Settings X
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