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Gold prices fell by 0.44 percent on Friday

Discussion in 'Stock Market Discussions' started by Harish, Oct 16, 2015.

  1. Harish

    Harish New Member

    Sep 30, 2015
    Likes Received:
    Gold prices fell by 0.44 per cent on Friday on profit taking on recent gains on a soft outlook for US interest rates. Prices had increased as relatively soft US inflation data appeased dovish sentiments for delaying an interest rate hike by the Federal Reserve beyond the end of the year. US Department of Labor's Bureau of Labor Statistics (BLS) said its Consumer Price Index fell by 0.2 per cent for the month of September, in line with consensus estimates. Gold futures for December 2015 contract, at MCX, were trading at Rs. 27,138 per 10 grams, down by 0.44 per cent after opening at Rs. 27,225 against the previous closing price of Rs. 27,138. It touched the intra-day low of Rs. 27,121 till the trading.

    #1 Harish, Oct 16, 2015
    Last edited by a moderator: Oct 16, 2015

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