Gold regains on jewellers' buying
31/01/2018
Gold regains on jewellers' buying
31/01/2018 13:25
Gold prices were up at futures trade on Wednesday snapping a two-day losing streak on fresh buying by local jewellers to meet the ongoing wedding season demand.
Traders said pick up in buying by local jewellers to meet wedding season demand at domestic spot market, mainly led to the recovery in gold prices but a weak trend overseas capped the gains.
At the MCX, gold futures for February 2018 contract is trading at Rs 30130 per 10 grams, up by 0.26 per cent, after opening at Rs 30069, against a previous close of Rs 30052. It touched the intra-day high of Rs 30167 (at 13:28 hours).
31/01/2018
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Gold regains on jewellers' buying
31/01/2018 13:25
Gold prices were up at futures trade on Wednesday snapping a two-day losing streak on fresh buying by local jewellers to meet the ongoing wedding season demand.
Traders said pick up in buying by local jewellers to meet wedding season demand at domestic spot market, mainly led to the recovery in gold prices but a weak trend overseas capped the gains.
At the MCX, gold futures for February 2018 contract is trading at Rs 30130 per 10 grams, up by 0.26 per cent, after opening at Rs 30069, against a previous close of Rs 30052. It touched the intra-day high of Rs 30167 (at 13:28 hours).
