Last Updated :
26 February 2009 at 10:30 IST
Gold remains steady near $950 in Asia
Commodity Online
SINGAPORE :
Gold prices were little changed in early Asian trade Thursday and steadied around $950 as profit taking by investors stopped temporarily.
Spot gold was trading at $952.45 an ounce at 10.00 a.m Singapore time, little changed from New York's notional close of $952.10 on Wednesday. Gold fell 4% over the previous three sessions.
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The world's largest gold-backed exchange-traded fund, the SPDR
Gold Trust, said its holdings remained at a record high of 1028.98 tones on February 25, a level it first hit on February 19.
The market has become more volatile after prices rose above the key $1000 level last week, and though factors encouraging risk aversion remain, investors are choosing to cash in on the high prices now rather than chase them higher.
MCX POTATO 15 March 2012
contract was trading at
Rs 625.8 , up Rs. 2.6 . What's your view on it?
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