MCX Gold June futures fall 0.40% at Rs 26,436 on global cues

Standard

MCX Gold June futures fall 0.40% at Rs 26,436 on global cues

Today dollar – which had fallen initially – was up 0.2 per cent against a basket of currencies, after US data showed an uptick in underlying inflation pressures and gains in home prices.

Touching the upper level of the international market after nearly two weeks, the pressure seems to gold. MCX gold with 0.30 per cent of weakness in the domestic market, it is trading around Rs 26,275.

At MCX June futures contract was trading at Rs 26,436 down Rs 106, or 0.40 percent. Gold touched an intraday high of Rs 26469 and an intraday low of Rs 26431. So far 140 contracts have been traded on the Multi Commodity Exchange.

Besides, at global market Gold prices rose, on growing expectations that a US interest rate increase could be pushed to September.

Spot gold climbed to its highest level since March 6 at $1,195.30 an ounce. While,  US gold futures for April delivery rose $3.70, or 0.3 per cent, to settle at $1,187.70 an ounce.

To contact the KheloMCX Advisory visit here. Or Free trial Advisory Visit KheloMCX.com.

Commodity Tips Provider

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s