Wednesday, 26 December 2012

Gold futures trade down 0.41% at Rs 30,729 per 10 gm


Gold futures declined in noon trade on Wednesday. February 2012 gold futures at the MCX were trading down 0.41% at Rs 30,729 per 10 grams at 12.04 p.m. after hitting high of Rs 30,785. It opened at Rs 30,785.

Commenting on the outlook, Emkay Commodity Research said, "Gold is expected to go down as lesser volumes and fiscal cliff worries would weaken the prices. Gold in India is expected to follow international prices and a stronger rupee would further weaken the prices. Gold for February delivery on the Multi Commodity Exchange (MCX) was 0.19% down at Rs 30,854/10 gms."

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