MCX GOLD April contract was trading at Rs 27450 up Rs 100, or 0.37 percent. The gold rate touched an intraday high of Rs 27469 and an intraday low of Rs 27400. So far 177 contracts have been traded. GOLD prices have moved up Rs 160, or 0.59 percent in the April series so far.
Spot gold prices declined on Thursday for consecutive second session as it closed at $1264.4/oz, down by 0.41 percent. Prices were dragged after the European Central Bank said it would no longer accept Greek bonds in return for funding. The ECB's announcement dealt a blow to Athens, which is seeking debt relief from eurozone lenders, and knocked the euro down against the dollar in early trading. Gold could get short-term boost however, from China's move on Wednesday to cut the reserve requirement for banks in an effort to add more liquidity to fight off an economic slowdown and looming deflation. On the MCX, gold prices declined by 0.37 percent and closed at Rs.27301/10 gms.
No comments:
Post a Comment