Commodity Online MUMBAI: Gold prices went down on Thursday as the dollar emerged against the single currency and pound that hammered the support of the yellow metal.
In the domestic futures market also, the gold is being traded down. MCX August Gold futures lost Rs 31 at Rs 14518 per 10 grams. The traders may enter short ard Rs 14520-25 levels with stop loss ard Rs 14575 and profit target of Rs 14485 and 14445 levels.
Trading platform that even a 5 year old can trade. Join nowAn ounce of Gold on COMEX division of the New York Mercantile Exchange is trading at $ 940.3 down $ 1 an ounce. The bullion traders may take cue from the ECB rate decision today and the press conference.
