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Last Updated : 07 Nov 2009 13:59:58
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MCX Gold trades sideways to down

2009-07-03 18:33:27
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Commodity Online
MUMBAI: Gold priced remained firm in the Mid London trade thanks to the closure of US equity markets despite the strength in the dollar. However, the domestic counter was seen down.

MCX August gold was down nearly Rs 20 at Rs 14467 per 10 grams. It fell to as low as Rs 14440. It may rebound from Rs 14420 levels. Gold prices down as rupee strengthens slightly vs dollar --Strong dollar reduces import cost and depresses prices

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COMEX Gold traded in the range of $ 934.3- 927.8 per ounce. Of late it was seen quoting at $ 933.7 up $ 2.7.

In the currencies and data release, euro posted little reaction to May retail sales data. Sales volume across the 16-nation euro zone fell 0.4% in May, compared to market expectations for a 0.2% decline.

DGCX DG Future
1093.5 (3.60)       Expiring On : 08 Dec 09
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