Gold dips on weak global cues
14/01/2015 12:22
Gold prices fell by 0.41 per cent on Wednesday at the domestic markets though physical demand prospects offered some support in India and China as weaker prices attracted jewelry makers. However, losses were curbed Federal Reserve Bank of Minneapolis President Narayana Kocherlakota warned policymakers that an interest rate hike in 2015 may impede the US economic recovery, bolstering the appeal of the bullion as a store of value. Gold futures for February 2015 contract, at MCX, were trading at Rs. 26,944 per 10 grams, down by 0.41 per cent after opening at Rs. 27,020 against the previous closing price of Rs. 27,055. It touched the intra-day low of Rs. 26,901 till the trading. (At 11.57 AM today).
14/01/2015 12:22
Gold prices fell by 0.41 per cent on Wednesday at the domestic markets though physical demand prospects offered some support in India and China as weaker prices attracted jewelry makers. However, losses were curbed Federal Reserve Bank of Minneapolis President Narayana Kocherlakota warned policymakers that an interest rate hike in 2015 may impede the US economic recovery, bolstering the appeal of the bullion as a store of value. Gold futures for February 2015 contract, at MCX, were trading at Rs. 26,944 per 10 grams, down by 0.41 per cent after opening at Rs. 27,020 against the previous closing price of Rs. 27,055. It touched the intra-day low of Rs. 26,901 till the trading. (At 11.57 AM today).
