MCX GOLD PRICES GAINS BY RS 119 TO RS 26,638 PER 10 GRAMS ON GLOBAL CUES

MCX GOLD PRICES GAINS BY RS 119 TO RS 26,638 PER 10 GRAMS ON GLOBAL CUES


MCX Gold prices gains by Rs 119 to Rs 26,638 per 10 grams on global cues
Today is the rupee appreciation against the dollar in domestic currency market. As MCX gold in the domestic market, with a 0.5 per cent rise, is trading above Rs 26,600.
In MCX futures trading today, speculators established new positions ahead of strong  signals overseas markets.
At the Multi Commodity Exchange (MCX), gold futures April delivery was quoted up by Rs 119, or 0.45%, at Rs 26,638 per 10 grams.
In the national capital bullion market, gold purity of 99.9 and 99.5 percent recovered by Rs 40 each to Rs 27,670 and Rs 27,470 per ten grams respectively.
Consistent with the overall trend, silver ready bounced by Rs 450 to Rs 38,100 per kg and weekly-based delivery by Rs 460 to Rs 37,640 per kg.
The international market is showing firmly in bullion prices. On the Comex, New York Gold futures April delivery was quoted up 0.77% to $1,230.10. The April contract ended Thursday’s session 0.09% higher at $1,220.70 an ounce.
Gold futures edge strengthened after the United States Department of Commerce said on Thursday that retail sales dropped 0.8% last, worse than expectations for a 0.5% drop month. Retail sales were down 0.9% in December.
USA. financial reports continued to weigh on the US dollar and as investors awaited more US data due later in the day.
To contact the KheloMCX Advisory visit here. Or Free trial Advisory Visit KheloMCX.com.

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