Gold dips on rising US dollar

Gold dips on rising US dollar
27/04/2017

Gold futures closed lower in the domestic market on Wednesday as the dollar firmed and stocks traded broadly higher.
But prices for the precious metal moved a bit higher in electronic trading after Trump administration unveiled some details of a broad tax plan.
At the MCX, gold futures for June 2017 contract ended at Rs 28763 per 10 grams, down by 0.18 per cent, after opening at Rs 29,753 against a previous close of Rs 28,814. It touched the intra-day low of Rs 28,660.
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