MCX Tips India in gold reversed early losses to trade a tad higher on Friday evening on a weaker rupee, though sluggish overseas markets kept the upside limited. Physical traders sought declines in prices to book the yellow metal. More information about mcx tips india visit my site mcx-today.blogspot.com
* The most-active MCX gold for August delivery on the Multi Commodity Exchange (MCX gold) was 0.34% higher at Rs 29,414 per 10 grams. The contract struck a record of Rs 30,295 on June 6.
* The India rupee, which eased on Friday, plays an important role in determining the landed cost of the dollar-quoted yellow metal.
* MCX Gold sales have fallen by 70% compared to last year, said Haresh Acharya, head of the bullion desk at wholesaler Parker Bullion in Ahmedabad, adding, "demand would remain slow."
* MCX Gold demand is likely to remain sluggish in coming months due to the onset of monsoon rains and a relatively inactive season for weddings and festivals. High prices also attract scrap in the domestic Commodity market.
* The most-active MCX gold for August delivery on the Multi Commodity Exchange (MCX gold) was 0.34% higher at Rs 29,414 per 10 grams. The contract struck a record of Rs 30,295 on June 6.
* The India rupee, which eased on Friday, plays an important role in determining the landed cost of the dollar-quoted yellow metal.
* MCX Gold sales have fallen by 70% compared to last year, said Haresh Acharya, head of the bullion desk at wholesaler Parker Bullion in Ahmedabad, adding, "demand would remain slow."
* MCX Gold demand is likely to remain sluggish in coming months due to the onset of monsoon rains and a relatively inactive season for weddings and festivals. High prices also attract scrap in the domestic Commodity market.
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