The European markets traded lower today as investors are focusing on the outcome for the Federal Open Market Committee meeting.
Spot Gold prices retreated from its earlier gains and came under pressure today, mainly on account of a stronger dollar and mixed sentiments in the global markets. The yellow metal touched an intra-day low of $1651/oz and was trading at $/1652oz. On the MCX, Gold February contract dropped by 0.6 percent and was hovering around Rs27,210/10. Silver prices declined around 0.4 percent today, taking cues from fall in gold prices, a stronger dollar and downside in base metals. The white metal touched an intra-day low of $31.62/oz and was trading at the level of $31.70/oz. MCX Silver March contract slipped around 0.8 percent and touched a low of Rs54,866/kg .
Commodity Rs (%Chg) Unit
Gold - 4 Feb 27630.00 (0.90%) 10 grams
Silver - 5 Mar 56447.00 (1.95%) kg
Crudeoil - 20 Feb 4991.00 (0.32%) barrel
Naturalgas - 24 Feb 137.30 (3.31%) mmbtu
Copper - 29 Feb 423.45 (0.24%) kg
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