Gold rate today Yellow metal up but worst in month India gold rose since July 2010
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Gold rate today Yellow metal up but worst in month India gold rose since July 2010
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India gold rose around a per cent on Friday afternoon but is still heading for the biggest monthly drop since July 2010 as burgeoning festival demand has not yet been enough to counter weakness on global economic worries.
Spot volumes were lacklustre as state-run and private banks, which import majority of country's annual gold requirement of 800-900 tonnes, were shut due to the end of the quarter when they close accounts.
The most-traded gold contract for October delivery on the Multi Commodity Exchange (MCX) was 0.82 per cent higher at 25,952 rupees per 10 grams, after hitting a high of 26,019 rupees earlier. Gold is heading for a 4.5 per cent fall in September, its biggest since July, 2010....READ MORE
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