Yellow metal in red amid tepid demand
14/07/2017
Gold futures were trading in the red in the afternoon trade in the domestic market on Friday as the dollar steadied ahead of the key US economic data. Also, tepid demand of precious metals by jewellers, industries and retailers contributed to the weakness of the gold.At the MCX, gold futures for August 2017 contract is trading at Rs 27810 per 10 grams, down by 0.10 per cent, after opening at Rs 27823, against a previous close of Rs 27837. It touched the intra-day low of Rs 27771 (at 12:40 hours).
14/07/2017
Gold futures were trading in the red in the afternoon trade in the domestic market on Friday as the dollar steadied ahead of the key US economic data. Also, tepid demand of precious metals by jewellers, industries and retailers contributed to the weakness of the gold.At the MCX, gold futures for August 2017 contract is trading at Rs 27810 per 10 grams, down by 0.10 per cent, after opening at Rs 27823, against a previous close of Rs 27837. It touched the intra-day low of Rs 27771 (at 12:40 hours).
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