Yellow metal little changed on stronger dollar

Yellow metal little changed on stronger dollar

30/03/2017 14:10

Gold futures were little changed during afternoon trade in the domestic market on Thursday as investors and speculators exited their positions in the precious metal weighed down by diminishing safe-haven demand on stronger US dollar.

However, uncertainty due to the impact of Britain’s departure from the European Union and upcoming French elections, restricted further slide in prices of gold at futures trade.

At the MCX, gold futures for April 2017 contract is trading at Rs 28677 per 10 grams, down by 0.09 per cent, after opening at Rs 28695, against a previous close of Rs 28703. It touched the intra-day low of Rs 28668 (at 14:07 hours).

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