Gold dips on delay in tariff implementation
14/09/2018
Gold dips on delay in tariff implementation
14/09/2018 07:27
Gold futures closed lower in the domestic market on Thursday as there was positive momentum regarding the U.S.-China trade dispute and possibility of a delay in the implementation of additional tariffs. Higher rates can hurt the appeal of gold and strengthen the U.S. dollar, which can make assets priced in the currency more expensive to buyers using other currencies. At the MCX, gold futures for October 2018 contract ended at Rs 30434 per 10 grams, down by 0.71 per cent, after opening at Rs 30,604 against a previous close of Rs 30,651. It touched the intra-day low of Rs 30,424.
14/09/2018
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Gold dips on delay in tariff implementation
14/09/2018 07:27
Gold futures closed lower in the domestic market on Thursday as there was positive momentum regarding the U.S.-China trade dispute and possibility of a delay in the implementation of additional tariffs. Higher rates can hurt the appeal of gold and strengthen the U.S. dollar, which can make assets priced in the currency more expensive to buyers using other currencies. At the MCX, gold futures for October 2018 contract ended at Rs 30434 per 10 grams, down by 0.71 per cent, after opening at Rs 30,604 against a previous close of Rs 30,651. It touched the intra-day low of Rs 30,424.
