Gold prices dip tracking global trend

Investors are also eyeing the European Central Bank's meet and are pinning hopes on monetary policy easing.

Sep 12, 2019 06:09 IST India Infoline News Service

Gold in India continued to dip following weak global cues and a stronger rupee.

MCX October futures prices were down 0.2% to Rs37,870/10g.

Global gold prices dipped 0.2% to $1,493.65 an ounce, down from highs of $1,550 as sentiment improved over US-China trade developments. 

Investors are also eyeing the European Central Bank's meet and are pinning hopes on monetary policy easing. 

China extended an olive branch after exempting some anti-cancer drugs from the US from duties, with the US mulling to reciprocate, even as the two largest economies agree to meet early October.

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