Gold tumbles near $ 1,240 mark
The MCX Gold June futures are trading just above Rs 29,600 per 10 grams.
MCX Gold falls near Rs 29,600 levels in intraday moves
The commodity posted their biggest weekly decline in two months last week, as the Federal Reserve signaled an interest rate hike is coming in June.
Technical comment for the day: Gold
However a correction below Rs 29,600 can prove decimating for Gold.
Gold, Silver under-pressure
The previous metals are currently trading with a loss of 1-2 percent on the Multi Commodity Exchange.
Precious Metals Preview: MCX Gold looks supported if 30K holds
COMEX Gold futures have tested a two week low last week before recovering.
[ More ]
Global commodity check at 9:05 am