MCX Gold December contract was trading at Rs 28893.00 down Rs 53.00, or 0.18%. It touched an intraday high of Rs 29027.00 and an intraday low of Rs 28810.00. So far 34160 contracts have been traded.
India is the biggest buyer of bullion in the world. Apart from Trade Gold spot price have increased in their local markets like in Ahmedabad market gold was up by Rs 50 at Rs 29265 and pure gold (99.9 purity) was up by Rs 50 at Rs 29390. In Jaipur market gold was up by Rs 20 at Rs 29300.
So it may be reason for uptrend of gold in comming sessions.
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