Gold & Silver

Gold futures trade lower

Suresh P. Iyengar Mumbai | Updated on July 03, 2012

In Mumbai spot market, the yellow metal opened higher at Rs 2,872 per gram against yesterday’s close of Rs 2,846 per gram.

Gold futures on Tuesday opened lower due to rupee appreciation against dollar.

On the Multi Commodity Exchange, August contract opened down at Rs 29,636 per 10 grams against yesterday's close of Rs 29,660.

It may within a range of Rs 29,680 to 29,540 depending upon rupee movement against dollar.

Rupee has appreciated and is being traded between 55.64 and 55.02 against dollar.

In Mumbai spot market, gold was trading at Rs 2,872 per gram. In Comex, the yellow metal was up 0.63 per cent at $1,605 a troy ounce at 11:30 am.

Published on July 03, 2012

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