Tuesday, August 25, 2009

India gold futures up 0.6% on weak INR

Published on 2009-08-25 17:39:09



Singapore - India October MCX gold contract up 0.6% at INR14,994/10 grams, extending gains on INR weakness, firm overseas gold markets. "Gold prices are consolidating in a range ahead of U.S. consumer confidence data," says Kapil Gandhi of STCI Commodities; adds dollar movement to provide further cues; tips contract in INR14,900-INR15,080 range for day.

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