Monday 29 October 2012

India gold seen recovering from two-month low


MTECHTIPS

India gold seen recovering from two-month low

Indian gold futures are likely to recover from their lowest level in two months, helped by a revival in domestic demand ahead of key festivals and the wedding season, with investors also eyeing the US data for direction in prices.
The most-active gold for December delivery on the Multi Commodity Exchange (MCX) was 0.17 percent higher at 31,076 rupees per 10 grams
"Festival buying to support gold and silver. International prices are finding support at crucial supports,"

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