MCX Gold April contract declined at Rs 27,255 down 0.20 percent

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MCX Gold April contract declined at Rs 27,255 down 0.20 percent

Gold futures prices on MCX were trading lower on Monday as the U.S. dollar’s strength.

Most of the Asian currencies ended lower against the dollar. The Indian rupee also weakened on Monday, following other Asian currencies, still weighed down by the dollar rally last week on improved US economic data.

At the Multi Commodity Exchange, Gold April contract was trading at Rs 27,255 down Rs 55, or 0.20 percent. Gold touched an intraday session high of Rs 27255 and an intraday session low of Rs 27248.

At the global marketplace, Gold almost unchanged, On the Comex New York, gold futures for February delivery were up only 0.04% to $1,195.80.

Bullion trading volumes remain light this week before the New Year holiday are expected.

In Delhi, gold of 99.9 and 99.5 per cent purity gained Rs 110 each to Rs 27,210 and Rs 27,010 per ten gram, respectively.

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MCX Gold futures hold gains, marginally up on stronger dollar

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MCX Gold futures hold gains, marginally up on stronger dollar

MCX Gold prices marginally rose by Rs 34 to Rs 26,849 in futures trade today as the dollar strengthened on expectations for a U.S. rate hike in 2015.

At the Multi Commodity Exchange, Gold February 2015 contracts rose Rs 34, or 0.13%, to Rs 26,849 per 10 grams.

Today, the weakness in the rupee against the dollar, as in the domestic market price of gold has increased. However, in the international market is extremely sluggish trading.

After the end of scheme 80:20 to gold, the domestic market has increased its supply. The massive decline in premium on gold. Fears of recession and slowing demand in the domestic market, many agencies are also offering discounts on gold.

In Delhi bullion domestic market,, pure gold (99.9 purity) also declined by the same margin to settle at Rs 27,005 per 10 grams, as against Rs 27,130.

At the global marketplace, On the Comex Exchange, gold futures for February delivery were up 0.38% to $1,199.30.

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MCX Gold April futures contract marginally up on global cues

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MCX Gold April futures contract marginally up on global cues

Prices of gold futures on MCX were trading a marginally higher at Rs 27,404 per ten grams as profiteers created new positions taken positive signs from world markets ahead of the outcome of the meeting of the Federal Reserve.

At the Multi Commodity Exchange, gold futures delivery in far-month April 2015 was trading at Rs 27404 up Rs 54, or 0.20 percent. Futures prices touched an intraday session high of Rs 27,428 and an intraday session low of Rs 27,310.

In a mixed pattern of trading in domestic bullion market, gold of 99.9 and 99.5 per cent purity was up by Rs 100 each to Rs 27,300 and Rs 27,100 per 10 grams, respectively. It had lost Rs 180 on Tuesday.

In global market, Gold prices were holding just below $1,200 an ounce as investors warily awaited the outcome of the Federal Reserve’s final policy meeting of the year later in the day.

On the Comex, gold futures for February delivery were up 0.28% to $1,197.60.

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MCX Gold February futures contract declines 1.13 per cent on weak global cues

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MCX GOLD FEBRUARY FUTURES CONTRACT DECLINES 1.13 PER CENT ON WEAK GLOBAL CUES

Prices of gold futures was quoted lower on Tuesday by 1.13 percent to 27,011 rupees per 10 grams as speculators lowered their exposures, tracking overnight fall in precious metals on global markets.

At the Multi Commodity Exchange, Gold February 2015 contract fell sharply by Rs 309, or 1.13 per cent, to Rs 27,011 per 10 grams. Prices touched an intraday high of Rs 27,225 and an intraday low of Rs 26,986. So far 2374 contracts have been traded.

Likewise, the metal for delivery in April futures contract was trading at Rs 27175 down Rs 266, or 0.97 percent.

In Delhi bullion domestic market, gold of 99.9 and 99.5 per cent purity tumbled by Rs 180 each to Rs 27,200 and Rs 27,000 per ten gram respectively. It had gained Rs 80 in the previous three days.

In global market, Spot gold was up 0.2 per cent at $1,194.56 an ounce.

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MCX Gold April futures declined on global cues as oil, equities rebound

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MCX Gold April futures declined on global cues as oil, equities rebound

MCX Gold futures eased on Thursday as the oil markets and equity price rebounded from recent losses in the global marketplace, dampening the appeal of the precious metal.

At the Multi Commodity Exchange, Gold April futures contract was trading at Rs 27,235 down Rs 89, or 0.33 percent. Prices  touched an intraday session high of Rs 27315 and an intraday session low of Rs 27,204. While, MCX Gold February futures was trading at Rs 27,114 down Rs 77, or 0.28 percent.

Also on the Comex, gold futures February delivery declined $5.70, or 0.46%, to trade at $1,223.80 a troy ounce.

Oil resumed its move lower on Thursday, falling to $ 64 a barrel and sight of a minimum of five years, pressured by signs that already ample supply will become even more plentiful in 2015.

Market players shrugged off concerns about political instability in Greece and new restrictions on debt markets of China in front of a statement of key data from the ECB.

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Gold April futures surge by 0.6% as firmer dollar on overseas markets

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Gold April futures surge by 0.6% as firmer dollar on overseas markets

Futures prices of gold rallied on Tuesday in futures trading as the dollar rebounded from losses and oil prices has weakened during the metal’s appeal as hedging.

The gold is trading as good in the domestic market with the international market has grown rapidly. In domestic market gold has supported by rupee weakness. Comex gold rose 0.5 percent and was trading above $1,200. MCX gold in the domestic market, with a gain of 0.6 per cent is trading above Rs 26,600.

At the Multi Commodity Exchange, gold for April 2015 delivery futures flowed by Rs 150, or 0.57% at 26,618 rupees per 10 grams.

Globally, on the Comex New York Mercantile Exchange, gold futures for February delivery traded at $1,203.80 a troy ounce, up 0.08%

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Gold December futures fall 0.44%, to Rs 26,518 per 10 grams on weak global cues

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Gold December futures fall 0.44%, to Rs 26,518 per 10 grams on weak global cues

Gold futures prices on MCX were trading down 0.44%, to Rs 26,518 per 10 grams on global cues.

At the Multi Commodity Exchange, Gold February contract was trading at Rs 26,518 down Rs 118, or 0.44 percent. Gold futures hit an intraday sesson high of Rs 26575 and an intraday session low of Rs 26,505. So far 900 contracts have been traded.

Meanwhile, Gold for February delivery declined 0.3 percent to $1,204.70 on Comex in New York, before U.S. payrolls data that may show employers added more workers last month. While, Spot gold in Singapore dropped 0.2% to $1,203.51 an ounce.

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