Comments
Gold futures on the Multi Commodity Exchange opened lower at Rs 29,886 per 10 grams against yesterday's close of Rs 29,896 as rupee appreciated against dollar.
Much of gold movement at MCX may depend on rupee movement against dollar. If rupee appreciates, then gold prices will fall in India.
In Comex, the yellow metal was trading at $1,616 a troy ounce.
Comments
COMMENT NOW
Comments
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.