Gold slides on global cues, muted demand
20/11/2017
Gold slides on global cues, muted demand
20/11/2017 15:02
Gold futures were trading lower in the domestic market on Monday tracking a weak trend overseas amid easing demand from local jewellers.
Traders said a weak trend overseas as the US dollar grew in strength, investors waited for more insight on US tax cut plans and the related Fed policy, mainly dampened the sentiment.
At the MCX, gold futures for December 2017 contract is trading at Rs 29656 per 10 grams, down by 0.11 per cent, after opening at Rs 29646, against a previous close of Rs 29690. It touched the intra-day low of Rs 29634 (at 15:04 hours)
20/11/2017
Commodity Segment
Free Intraday Tips : Join Our Whatsapp No : 9841986753
Free Commodity Tips : Join our Whatsapp No : 9094047040
Gold slides on global cues, muted demand
20/11/2017 15:02
Gold futures were trading lower in the domestic market on Monday tracking a weak trend overseas amid easing demand from local jewellers.
Traders said a weak trend overseas as the US dollar grew in strength, investors waited for more insight on US tax cut plans and the related Fed policy, mainly dampened the sentiment.
At the MCX, gold futures for December 2017 contract is trading at Rs 29656 per 10 grams, down by 0.11 per cent, after opening at Rs 29646, against a previous close of Rs 29690. It touched the intra-day low of Rs 29634 (at 15:04 hours)
