Wednesday, 28 December 2011

Today's Gold Tips

Gold prices in India eased on Tuesday tracking a similar trend overseas, but the drop wasn't enough to bolster demand in the world's top consumer as people held off buying during year-end holidays and an inauspicious month for purchases,

The most-active February gold contract on the Multi Commodity Exchange was 0.55 percent lower at 27,626 rupees per 10 grams.

The Hindu calendar from December 16 to January 14 which is considered inauspicious for gold buying and starting new ventures.

International spot gold fell to a one-week low of $1,591.09 earlier on Tuesday and recovered slightly to $1,596.6, down half a percent from the previous close.

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