Gold futures slide due to tepid demand
17/11/2017
Gold futures slide due to tepid demand
17/11/2017 16:17
Gold futures were trading lower in the domestic market on Friday dampened by tepid demand from local jewellers..
Demand softness at the end of local jewellers and retailers, according to traders, pushed gold prices down, but a firm trend overseas arrested the slide.
At the MCX, gold futures for December 2017 contract is trading at Rs 29492 per 10 grams, down by 0.04 per cent, after opening at Rs 29420, against a previous close of Rs 29503. It touched the intra-day low of Rs 29351 (at 16:19 hours).
17/11/2017
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Gold futures slide due to tepid demand
17/11/2017 16:17
Gold futures were trading lower in the domestic market on Friday dampened by tepid demand from local jewellers..
Demand softness at the end of local jewellers and retailers, according to traders, pushed gold prices down, but a firm trend overseas arrested the slide.
At the MCX, gold futures for December 2017 contract is trading at Rs 29492 per 10 grams, down by 0.04 per cent, after opening at Rs 29420, against a previous close of Rs 29503. It touched the intra-day low of Rs 29351 (at 16:19 hours).
