GOLD
Gold futures fell in the domestic market on Friday as the free fall in oil prices has hit the demand for gold as a hedge against inflation. Stronger dollar makes the precious metal expensive for those holding other currencies, thus reducing demand. At the MCX, Gold futures for February 2015 contract was trading at Rs 26,685 per 10 gram, down by 0.06 percent after opening at Rs 26,740, against the previous closing price of Rs 26,700. It touched the intra-day high of Rs 26,642 till the trading. At the MCX, Gold futures for February 2015 contract closed at Rs 26,700 per 10 gram, down by 0.01 percent after opening at Rs 26,698, against the previous closing price of Rs 26,703. It touched the intra-day low of Rs 26,670 till the closing.
No comments:
Post a Comment