Gold futures open higher at Rs 31,666 per 10 gm

Our Bureau
Comment   ·   print   ·  

Gold futures on the Multi Commodity Exchange opened higher on Monday at Rs 31,666 per 10 grams against the previous close of Rs 31,640.

December contract made a high of Rs 31,706 and low of Rs 31,615. It was trading at Rs 31,620 at 1.30 pm. In Comex, gold for December delivery was up by $7 at $1,722 a troy ounce.

The appreciation of rupee against dollar in the currency futures market has been restricting the rise in gold prices in rupee terms.

US will be announcing housing sector data later in the day. If there is an improvement, it will put pressure on gold prices in the evening.

(This article was published on November 19, 2012)
XThese are links to The Hindu Business Line suggested by Outbrain, which may or may not be relevant to the other content on this page. You can read Outbrain's privacy and cookie policy here.


This article is closed for comments.
Please Email the Editor


Exchange Rate

Dollar Spot Forward Rate

Open-Ended Mutual Funds

MCX-SX Currency Futures

NSE Currency Futures

More Disclosures »



Recent Article in Gold & Silver

Gold struggles near $1,200 on Yellen’s comments, robust dollar

Gold was trading close to its lowest in over a week on Monday after Federal Reserve Chair Janet Yellen said that the US central bank was... »

Comments to: Copyright © 2015, The Hindu Business Line.