Thursday, February 17, 2011

Commodity Gold News

Gold futures ended with minor change of 5 rupees per Kilogram. Gold price remains almost unchanged as set of mixed U.S. and Chinese economic data clouded an already untidy economic picture in Indian market.

Today, Gold April delivery contract fall by 0.08 percent to 20485 per Kilogram at Multi Commodity Exchange (MCX). Gold price find disappointing moment to cross previous week highs.

Gold looks to be in a hold-me mood. From morning, Gold price is trading in narrow range of 20485-20535 rupees. Gold price is facing resistance above 20550 rupees at MCX.

Gold prices have remained bit lower as the investors and speculators in world market waiting for today’s US economy data.


Posted By Commodity MCX Tips