MCX GOLD FUTURES HOLD GAINS, MARGINALLY UP ON STRONGER DOLLAR.

MCX GOLD FUTURES HOLD GAINS, MARGINALLY UP ON STRONGER DOLLAR.

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

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