RTRS: India gold rises above 12,000 rupees/10 grams
MUMBAI, Nov 20 (Reuters) - India's December gold futures MAUZ8 on the Multi Commodity Exchange of India Ltd (MCX) hit a key level of 12,000 rupees per 10 grams on Thursday for the first time in November on weak rupee and firm overseas markets.
At 10:54 a.m., December gold was trading at 12,011 rupees per 10 grams, up 72 rupees.
India imports most of its gold. A weak rupee makes imports costlier and pushes up domestic prices. (Reporting by Debiprasad Nayak; editing by Prem Udayabhanu)
