Gold prices closed below Rs 27,000-level by falling Rs 261 to Rs 26,897 per ten grams in futures trade Friday as market players offloaded their exposures, moving in tandem with a global downtrend.
At the MCX, gold for delivery in June moved lower by Rs 261 to settle at Rs 26,897 per 10grams against its previous close of Rs 27158. Gold prices in overseas markets, which normally set price trend on the domestic front, closed below USD 1,400 per ounce, after US data showing low inflation and improving consumer confidence dampened investor interest.
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At the MCX, gold for delivery in June moved lower by Rs 261 to settle at Rs 26,897 per 10grams against its previous close of Rs 27158. Gold prices in overseas markets, which normally set price trend on the domestic front, closed below USD 1,400 per ounce, after US data showing low inflation and improving consumer confidence dampened investor interest.
For more information:-
Stock Tips Commodity Tips
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