INSUBCONTINENT EXCLUSIVE:
Gold Rate Today: MCX gold futures declined to Rs 51,035 on MondayGold Price In India: Domestic gold futures recovered early losses to edge
higher in a volatile session on Monday, as global benchmark rates recovered after sliding below the $1,900 per ounce mark amid strength in
0.39 per cent compared to their previous close
During the session, the MCX gold contract had declined to as low as Rs 50,552
measures the US currency against six peers - was last up 0.32 per cent, making the yellow metal more expensive for those dealing in other
The rupee depreciated by 25 paise to close at 73.85 against the greenback.Domestic spot gold closed at Rs 51,238 per 10 grams, and silver at
Rs 61,706 per kilogram - both rates excluding GST, according to Mumbai-based industry body India Bullion and Jewellers Association
(IBJA).What Analysts Say"Weighing on gold is marginal gains in the US dollar after last week's losses
Exchange traded fund outflows also show weaker investor buying
commodity research, Kotak Securities."Gold may remain directionless until there is more clarity on US stimulus, however the general bias is
still positive owing to pressure on the US dollar."
