SEBI Registration No - INA000003197 Investment in stock and commodity market are subject to market risk. Please do not trade on those tips which are not provided through SMS.

Blog

MCX GOLD TIPs

Gold futures drop on profit-booking

Gold futures closed lower in the domestic market on Wednesday as investors and speculators indulged in profit-booking at prevailing levels amid a weak trend overseas.

Some market participants attributed the fall in gold futures to profit-booking by participants at existing levels and a weak trend overseas as higher dollar reduced the precious metal’s appeal as a safe haven.

At the MCX, gold futures for April 2017 contract ended at Rs 29199 per 10 grams, down by 0.35 per cent, after opening at Rs 29240 against a previous close of Rs 29301. It touched the intra-day low of Rs 29174.