Weak Indian Rupee Keeps MCX Gold Supported

Weak Indian Rupee Keeps MCX Gold Supported

Nov 27, 2020 12:11 IST capital market

Gold saw thin trades today. COMEX Gold futures are quoting at $1802 per ounce, down 0.20% on the day. COMEX Gold futures have moved up slightly from four and half month low under $1800 per ounce but overall mood remains choppy in the metal. MCX Gold futures trade at Rs 48592 per 10 grams, up 0.19% on the day on weak Indian Rupee. The INR slipped today as buying was limited after recent spurt in local currency. The local currency closed at 74.05 against the dollar, down 17 basis points on the day. INR has eased from around two week high.

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