Gold ticks higher in light trade after holiday weekend - 27 Dec 2016


Gold ticks higher in light trade after holiday weekend -

BENGALURU - Gold prices rose in Asian trade on Tuesday on light buying out of China, but trading was thin after the long Christmas weekend, even as  a firm dollar capped the gains. Spot gold was up half a percent at $1,139.20 an ounce by 0705 GMT, after earlier edging down to $1,131.35. U.S. gold futures rose 0.6 percent to $1,140.20 per ounce.

At the MCX, aluminium futures for December 2016 contract is trading at Rs 117.80 per kg, up by 0.43 per cent, after opening at Rs 117.50,  against a previous close of Rs 117.30. It touched the intra-day high of Rs 117.80 -

Nickel futures fell over 2 per cent during evening trade in the domestic market on Monday as investors and speculators indulged in cutting down their bets in the industrial metal on worries about demand growth in  the world's second-largest economy as Chinese government continues a crackdown on soaring house prices and pollution. -

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