Gold steady; physical traders eye US jobs data - Economic Times

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Viraj
on March 31, 2011 4:47 PM | | Comments (0) | TrackBacks (0)
MUMBAI: India gold was steady on Thursday afternoon as support from overseas markets was offset by a stronger rupee, and physical buyers postponed their buying till the U.S. jobs data on Friday which could decide price direction.

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The most-active gold for April delivery on the Multi Commodity Exchange was trading 0.02 percent higher at 20,720 rupees per 10 grams at 1:52 p.m. The most-active gold for April delivery on the Multi Commodity Exchange was trading 0.02 percent higher at 20,720 rupees per 10 grams at 1:52 p.m. "A few bookings are there, but still, traders want clarity on prices. They are waiting for Friday's jobs report," said a dealer with a state-run, bullion-importing bank.

Gold steady; physical traders eye US jobs data - Economic Times

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