Home

 
India Bullion iPhone Application
  Quick Links
Currency Futures Trading

MCX Strategy

Precious Metals Trading

IBCRR

Forex Brokers

Technicals

Precious Metals Trading

Economic Data

Commodity Futures Trading

Fixes

Live Forex Charts

Charts

World Gold Prices

Reports

Forex COMEX India

Contact Us

Chat

Bullion Trading Bullion Converter
 

$ Price :

 
 

Rupee :

 
 

Price in RS :

 
 
Specification
  More Links
Forex NCDEX India

Contracts

Live Gold Prices

Price Quotes

Gold Bullion Trading

Research

Forex MCX India

Partnerships

Gold Commodities

Holidays

Forex Currency Trading

Libor

Indian Currency

Advertisement

 
RTRS:Indian gold prices steady on global leads
 
Jan 17 (Reuters) - Gold futures in India were almost steady with a negative bias on Friday, in line with overseas leads and a stronger rupee.

* The most-active gold for February delivery on the Multi Commodity Exchange (MCX) was lower 0.12 percent at 28,999 rupees per 10 grams at 1104 GMT.

* Silver for March delivery on the MCX was 0.06 percent higher at 44,570 rupees per kg.

* Global gold was holding steady, but was headed for its first weekly drop in four weeks as a string of U.S. data showed more strength in the recovery of the world's largest economy, dimming the metal's safe-haven appeal.

* The rupee, which traded stronger on Friday, plays an important role in determining the landed cost of the dollar-quoted yellow metal.

* Premiums stayed steady at $120 an ounce on London prices amid weak demand, said Bachhraj Bamalwa, director at the All India Gems and Jewellery Trade Federation.

* Indian gold imports may have fallen 70 percent in the final quarter of 2013 from 255 tonnes in the year-ago period. They are expected to be half the usual levels at 500-550 tonnes in 2014 if new import rules are maintained.

* To curb a rising trade gap, the Indian government slapped a record import duty of 10 percent and tied imports for domestic consumption with exports.

Source