Markets will remain closed in China, which may have overtaken India as the world's biggest bullion consumer nation, through February 6 because of the Chinese Lunar New Year.
Gold futures for February 2014 contract, at MCX, is trading at Rs. 29,462 per 10 grams, unchanged, after opening at Rs. 29,500, against the previous closing price of Rs 29,462. It touched an intra-day low of Rs 29,399. (At 11:15 AM).
Dion Global Solutions Ltd.