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CO:MCX gold falls on Greece debt worries
 
Gold ended almost flat yesterday amid mixed fundamentals. Renewed worries regarding Greece and doubt over its ability to fund itself underpinned gold prices in the last session.

Greece was branded with the world's lowest credit rating by the S&P yesterday. Holdings in the SPDR Gold Trust, the world's largest gold-backed exchange-traded fund further slid to 1200.05 tons from 1200.95 tons as on 14th June.

Dollar declined against euro in the previous session which helped gold prices find strong base at lower levels. Yellow metal is likely to trade in a range today.

Support in Gold (MCX) can be pegged around Rs 22,200/10gms.

Courtesy: Religare Commodities
Source