MCX GOLD APRIL FUTURES CONTRACT TRADES LOWER ON PROFIT-BOOKING.

MCX GOLD APRIL FUTURES CONTRACT TRADES LOWER ON PROFIT-BOOKING.

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MCX Gold April futures contract trades lower on profit-booking
Amid profit-booking by profiteers and a weak trend global market, gold futures contract trades lower today.
At the Multi Commodity Exchange, April futures contract was trading at Rs 27,587 down Rs 27, or 0.10 percent. Prices touched an intraday high of Rs 27587 and an intraday low of Rs 27469. So far 113 gold futures contracts have been traded on MCX.
Increased fourth day, in the capital city, gold of 99.9 and 99.5 percent purity in advance for Rs 70 each to Rs 27,570 and Rs 27,370 per 10 grams, a level not been seen since October 29, 2014. it rose Rs 475 in three previous sessions.
At global marketplace, Gold edges lower but remains near 3-week high ahead of Fed minutes latest policy meeting later Wednesday, which were expected to provide further indications on the future direction of monetary policy.
Bullion for immediate delivery fell 0.3 percent to $1,214.65 an ounce in London, the metal rallied to a three-week high yesterday amid concerns about the health of the European economy also.
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