Yellow metal price remains under correction on speculation, dull hedging Futures

November 10, 2018

New Delhi-India (Nov 10)  Gold price remained under correction on petty demand and adjustment in physical prices in domestic and international market. Physical trading remained insignificant. Metal stood dull in value by $5 an ounce to stay at $1,219 an ounce in international market.

Metal price in domestic market witnessed a decline of Rs 222 per ten grams to stay at Rs 52,344 per ten grams. In tola term gold declined by Rs 258 per tola to close at Rs 61,248 per tola. Gold prices remained under pressure on speculations and dull investment and transitory prospects of futures and buffer stocks inventories put buyers at bay. Fund managers pumped money into soft commodities in international and domestic markets.



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