ET:India gold at 1-week low, spurs physical buying
MUMBAI: A stronger rupee outweighed firm global leads to pull down Indian gold futures to one-week low on Tuesday afternoon, and traders continued picking up bargains to stock for wedding season beginning later this month, dealers said.
The most-active gold for February delivery on the Multi Commodity Exchange (MCX) was 0.12 percent lower at 27,545 rupees per 10 grams, after hitting a low of 27,476 rupees, a level last seen on Jan. 3.
Gold in the global market climbed after two straight sessions of losses.
Silver futures edged higher following copper. Silver for March delivery was up 0.56 percent higher at 52,037 rupees per kg.
