Gold, silver lower in domestic futures market
Source: IRIS | 23 Sep, 2014, 11.24AM
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Gold and Silver are trading lower in futures market on Tuesday. Gold futures fell Rs 43 or 0.16 percent to trade at Rs 26,545 per 10 gram at the Multi-Commodity Exchange (MCX). Silver futures lost Rs 254 or 0.64 percent to trade at Rs 39,319 per kg at the MCX. Sushil Finance expects gold, silver prices to trade on the negative note as the plans to raise U.S. interest rates sooner than expected and expectations for a stronger U.S. currency in the longer run likely to keep Bullion market under pressure. On Monday, gold and silver futures settled on a flat note. Gold futures gained 1.30 dollar or 0.11 percent to close at USD 1,216.80 per troy ounce at the COMEX division of the New York Mercantile Exchange. Silver futures lost 0.082 dollar or 0.46 percent to close at USD 17.70 per troy ounce at the COMEX.
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