Gold & Silver

MCX gold may touch Rs 30,080 per 10 gm

Suresh P. Iyengar Mumbai | Updated on November 15, 2017

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Gold futures may continue to trade range-bound.

At the Multi Commodity Exchange, the yellow metal opened higher at Rs 30,161 per 10 grams against yesterday's close of Rs 30,113. It touched a high of Rs 30,166.

MCX gold August contract may touch Rs 30,080 per 10 gram during the day. In Mumbai, spot gold was trading at Rs 2,986 a gram at 11.30 am.

The rupee has appreciated by 6 paisa (0.17 per cent) and may pull down gold prices.

US gold spot price was at $1,624 a troy ounce at 11.30 am.

Asian equities are trading on the higher side ahead of keenly watched Greece re-elections slated on June 17.

The euro is currently trading weak against the dollar (0.08 per cent) after the Spanish bond yield rose to the record high of 7.01 per cent.

Published on June 15, 2012

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