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Reply #26: India gold extends gains; physical buying retreats [View All]

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xchrom Donating Member (1000+ posts) Send PM | Profile | Ignore Tue May-10-11 06:42 AM
Response to Reply #24
26. India gold extends gains; physical buying retreats
http://www.moneycontrol.com/news/commodities/india-gold-extends-gains-physical-buying-retreats_541973.html

Gold rose on Tuesday afternoon, extending gains for a fourth straight session, following a weaker rupee, prompting traders to abstain from booking new deals, dealers said.

The most-active gold for June delivery on the Multi Commodity Exchange (MCX) was trading 0.71% higher at Rs 22,156 per 10 grams, after hitting a high of Rs 22,190.

"Yesterday, we saw some buying, but today it is dull," said a dealer with a state-run bullion importing bank in Mumbai.
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