MCX Gold December contract was trading at Rs 28896.00 down Rs 100.00, or 0.34%. It touched an intraday high of Rs 28970.00 and an intraday low of Rs 28860.00. Gold prices gained 19 percent in the September quarter, and extended gains to hit a record of 29,212 rupees in November. The third quarter of 2011 has seen some difficult times for gold not just in India but around the world. Along with these India's jewellery demand fell 26 percent to 125.3 tonnes during the quarter, while investment demand fell 18 percent to 78 tonnes.
We hope that the gold will again get its new position.
