Monday, 8 October 2012

Gold likely to fall past 1-month low


MTECHTIPS
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Gold likely to fall past 1-month low

Indian gold futures are likely to extend losses for a fifth week, breaking their lowest level in more than a month, weighed by a stronger dollar.
The most-active gold for December delivery on the Multi Commodity Exchange (MCX) was 0.34 percent higher at Rs 31,272 per 10 grams, after hitting a low of Rs 31,081 earlier in the day, nearing a level last seen on August 31.

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