Grow with Intelligence

MCX Gold Slides Under Rs 38K, INR Gains
(15 Nov 2019, 13:25)
COMEX Gold futures slipped today as profit selling took charge in the commodity following a latest spurt to one week high. The US equities continue to linger around record highs as Gold traders are reluctant to push up the rally in the metal amid such a scenario. The commodity currently trades at $1465 per ounce, down 0.58% on the day. MCX Gold futures are currently trading at Rs 37981 per 10 grams, down 0.74% on the day. The break under Rs 38K is likely to weigh on the metal ahead of the weekend. Meanwhile, the Indian Rupee is also surging after testing a around three month low earlier this week. The INR is up 20 paise at 71.77 per US dollar right now.

Powered by Commodity Insights