Gold dips on rising greenback
23/01/2015 12:05
Gold futures fell by 0.26 per cent on Friday at the domestic markets as a stronger dollar reduced the appeal of the bullion as an alternative asset. Stronger dollar makes the precious metal expensive for those holding other currencies, thus reducing demand. At the MCX, Gold futures for February 2015 contract was trading at Rs 27,964 per 10 gram, down by 0.26 per cent after opening at Rs 28,010, against the previous closing price of Rs 28,036. It touched the intra-day low of Rs 27,947 till the trading. (At 11.55 AM today).
23/01/2015 12:05
Gold futures fell by 0.26 per cent on Friday at the domestic markets as a stronger dollar reduced the appeal of the bullion as an alternative asset. Stronger dollar makes the precious metal expensive for those holding other currencies, thus reducing demand. At the MCX, Gold futures for February 2015 contract was trading at Rs 27,964 per 10 gram, down by 0.26 per cent after opening at Rs 28,010, against the previous closing price of Rs 28,036. It touched the intra-day low of Rs 27,947 till the trading. (At 11.55 AM today).
