Post by allianceresearchjaba on Sept 2, 2015 20:20:36 GMT 8
Gold edged lower on Wednesday with appetite for the metal soured by a firmer dollar despite weaker Asian equities, and failure to breach a key resistance and a looming US rate hike suggest more downside risk, reported Reuters. Gold prices on MCX were trading lower on Wednesday. At 13:37 hrs MCX Gold October contract was trading at Rs 26794 down Rs 39, or 0.15 percent. The Gold rate touched an intraday high of Rs 26825 and an intraday low of Rs 26681. So far 5932 contracts have been traded. Gold prices have moved up Rs 641, or 2.45 percent in the October series so far.
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