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Gold price consolidation triggers more physical buying

Posted on 19 April 2013

Indian gold futures edged down, hovering near their lowest level in more than 18 months, weighed by a stronger rupee, giving an opportunity for physical traders to import in the middle of the wedding season.
The actively traded gold contract for June delivery on the Multi Commodity Exchange (MCX) was 52 rupees higher at 25,731 rupees per 10 grams, after hitting a low of 25,333 rupees earlier in the session, still near the level last seen in September 2011……………………………………..Full Article: Source


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