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MCX Gold trading in India, the world's biggest consumer, drifted back to the market on Friday as prices eased from their highest level in more than two months, dealers said.
The most-traded gold for April delivery on the Multi Commodity Exchange (MCX) was trading 0.37% lower at Rs 28,253 per 10 grams, falling from the previous day's two-month high of Rs 28,512.
Demand is better than last two days as prices have cooled off a bit," said a dealer with a private bullion importing bank in Mumbai.
The dealer expects the momentum to continue in coming sessions, but added "a lot will depend on prices."
Silver also fell tracking the yellow metal.
Silver for March delivery on the MCX trading 0.41% lower at Rs 56,941 per kg.
Commodity Rs (%Chg) Unit
Gold - 5 Apr 28254.00 (0.07%) 10 grams
Silver - 5 Mar 56851.00 (0.11%) kg
Crudeoil - 20 Feb 4926.00 (0.43%) barrel
Naturalgas - 24 Feb 123.80 (0.08%) mmbtu
Copper - 29 Feb 424.20 (0.01%) kg
The most-traded gold for April delivery on the Multi Commodity Exchange (MCX) was trading 0.37% lower at Rs 28,253 per 10 grams, falling from the previous day's two-month high of Rs 28,512.
Demand is better than last two days as prices have cooled off a bit," said a dealer with a private bullion importing bank in Mumbai.
The dealer expects the momentum to continue in coming sessions, but added "a lot will depend on prices."
Silver also fell tracking the yellow metal.
Silver for March delivery on the MCX trading 0.41% lower at Rs 56,941 per kg.
Commodity Rs (%Chg) Unit
Gold - 5 Apr 28254.00 (0.07%) 10 grams
Silver - 5 Mar 56851.00 (0.11%) kg
Crudeoil - 20 Feb 4926.00 (0.43%) barrel
Naturalgas - 24 Feb 123.80 (0.08%) mmbtu
Copper - 29 Feb 424.20 (0.01%) kg
