CAPITALSTARS MCX COMMODITY GOLD NEWS UPDATE : : 18 SEPTEMBER 2019
Precious Metals Preview: MCX Gold Falls Under Rs 38000 Per 10 Grams
COMEX Gold futures stayed lax as some profit selling was
seen in the metal as weak retail demand in India continued to weigh on the
sentiments. The metal had surged on Monday amid a massive jump in global crude
oil prices but moderated yesterday, witnessing corrective action on modest
rallies. The metal currently trades at $1510 per ounce, down 0.20% on the day.
MCX Gold futures closed at Rs 37970 per 10 grams, down 0.55% on the day after
testing a low of Rs 37860 level. Traders are also eyeing the Indian Rupee which
tumbled yesterday amid a deep slide in local stocks and latest jump in global
crude oil futures. INR closed at 71.78 per US dollar, falling 18 basis points
on the day.
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