COMEX Gold stayed slippery after dropping heavily in last session. Prices fell yesterday following the US inflation data and a tumble in equities. The US Labor Department said its consumer price index edged up by 0.1 percent in August after coming in unchanged in July. Compared to the same month a year ago, consumer prices were up by 8.3 percent in August, reflecting a slowdown from the 8.5 percent spike in July. The shiny metal currently trades at $1713 per ounce, down 0.25% on the day. MCX Gold futures lost around 1% yesterday and currently trade at Rs 50079 per 10 grams, down marginally on the day. Powered by Commodity Insights
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