Gold & Silver

Strong rupee pulls down gold prices

Suresh P. Iyengar Mumbai | Updated on March 12, 2018

MCX gold August contract may trade in a range between Rs 29,480 and Rs 29,380 per 10 grams on Wednesday.   -  The Hindu

Gold futures on Wednesday opened lower as rupee appreciated against dollar.

MCX gold for August contract dipped to Rs 29,400 per 10 grams against yesterday's close of Rs 29,428. It may remain bearish on the Multi Commodity Exchange.

In Mumbai spot market, the yellow metal was trading lower at Rs 2,823 a gram.

Rupee appreciated to 55.42 against dollar. This may further pull down gold prices.

Published on July 11, 2012

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