MCX Gold prices weakens on global market cues closing at INR 16,285.

Posted by Gold Trading on Jan 30th, 2010 and filed under Gold. You can follow any responses to this entry through the RSS 2.0. You can leave a response or trackback to this entry

MUMBAI, Jan 30 (www.GoldTradingCalls.com) MCX Gold prices continued to fall at the bullion market here today due to sustained offerings by stockists and jewellers amid subdued overseas market.

Standard gold (99.5 purity) declined by INR 40 per 10 grams to close at INR 16,245 from overnight closing level of INR 16,285.

Pure gold (99.9 purity) also finished lower by a similar margin to INR 16,335 per 10 grams from INR 16,375 yesterday.

Silver ready (.999 fineness) eased by INR 40 per kilo to CLose at INR 26,140 as against INR 26,180 previously.

In New York, gold futures fell slightly on Friday after the dollar firmed against major currencies.

Gold for April delivery finished down to USD 1,083.80 an ounce on the Comex division of NYMEX.

Silver for March delivery lost two cents to USD 16.19 an ounce.

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