A Oneindia Venture
News Personal finance Gold rates Silver rates Mutual funds IPO MSME
Gold Rates
Silver Rates
Platinum Rates
Fuel Price
Holidays
Banking
Lottery
Calculators
Savings Scheme
Get Updates
Get notified about market trends, financial advice, and investment tips!
English हिन्दी ಕನ್ನಡ മലയാളം தமிழ் తెలుగు
Sensex 73,972.20 -1.73% ↓ Nifty 22,923.40 -1.64% ↓ 22k Gold ₹ 13,265/gm Silver ₹ 2,40,000/kg Petrol ₹ 103.54 Diesel ₹ 90.03 LPG ₹ 912.50 Crude Oil $ 101.63 USD ₹ 94.69
Sensex 73,972.20 -1.73% ↓ Nifty 22,923.40 -1.64% ↓ 22k Gold ₹ 13,265/gm Silver ₹ 2,40,000/kg Petrol ₹ 103.54 Diesel ₹ 90.03 LPG ₹ 912.50 Crude Oil $ 101.63 USD ₹ 94.69
Home News Business
Gold trades steady in the absence of major cues
By
Add as a preferred source on Google

gold
Gold was trading steady on the MCX in the absence of any major cues. Gold for Feb delivery was trading at Rs 29,226, down Rs 62.

Silver was trading at Rs 44,830, down Rs 194 on the MCX.

After hitting a six week high on Monday gold saw some profit booking today. Gold has begun the year on a much better note, after falling for the first time in 12 years in 2013. Poor non farm payrolls data released earlier this month raised hopes that the Fed would continue its QE3 easing programme, pushing gold prices higher. Read more about QE3 here

Gold is expected to now take cues from the forthcoming Fed meeting due later this month. Any further measures to ease QE3, may put pressure on gold prices.

GoodReturns.in

Share This Article
Story first published: Tuesday, January 21, 2014, 12:05 [IST]
See More On: gold, silver, mcx
Other articles published on Jan 21, 2014

More From GoodReturns

Notifications
Settings
Clear Notifications
Notifications
Use the toggle to switch on notifications
  • Block for 8 hours
  • Block for 12 hours
  • Block for 24 hours
  • Don't block
Gender
Select your Gender
  • Male
  • Female
  • Others
Age
Select your Age Range
  • Under 18
  • 18 to 25
  • 26 to 35
  • 36 to 45
  • 45 to 55
  • 55+
Sign Out