Gold continued downfall on Monday extending its losses from
the previous session, positive job dat weakened the sentiment for additional
stimulus measure.
Gold importers in India, the world's biggest buyer of
bullion, continued to place deals in view of upcoming festivals as prices
stayed in the vicinity of their lowest levels in five weeks. for December
delivery on the Multi Commodity Exchange (MCX) was 0.04 percent higher at INR31,067/10gms. After hitting the
low of INR31,128/10gms.
crude prices remained well near $89 on Monday, global concerns
and Europe’s debt crisis is putting pressure on global oil prices with reducing
demand for oil globally.
U.S. natural gas futures ended lower in the front-month November
contract pressured by Thursday's bearish weekly inventory report and by
forecasts for mild mid-month weather that should slow demand.
copper fell more than 1 percent on Monday, giving up
last week's gains as the dollar firmed after a surprise drop in the U.S. jobless
rate, while traders eyed data from top
consumer China later this week for clues on demand.Benchmark copper on the London Metal Exchange (LME) ended at
$8,295 a ton, not far from a close of $8,305 on Thursday.
todays Update:
MCX GOLD
Change
-46.0 |
Open
31136.0 |
High
31169.0 |
Low
31102.0 |
INTERNATIONAL GOLD
Change
-7.60 |
Open
1,782.00 |
High
1,782.50 |
Low
1,768.20 |
MCX SILVER
Change
-494.0 |
Open
61725.0 |
High
61725.0 |
Low
61270.0 |
INTERNATIONAL CRUDE
Change
-0.64 |
Open
111.63 |
High
111.70 |
Low
111.38 |
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