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Reply #46: south asia: Gold hits week low, silver down from 3-week high [View All]

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xchrom Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Dec-06-11 08:49 AM
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46. south asia: Gold hits week low, silver down from 3-week high

MUMBAI: Gold futures fell back on Tuesday afternoon to their lowest level in a week, following overseas trends, where fears of a possible credit rating downgrade for euro zone nations by Standard & Poor's weighed.

* The most-active gold for February delivery on the Multi Commodity Exchange (MCX) was 0.54 percent lower at 28,890 rupees per 10 grams, after hitting 28,763 rupees, a level last seen on Nov. 26.

* Silver also fell from the highest level in three weeks following the yellow metal.

* The most-active silver for March delivery on the MCX was 0.78 percent lower at 56,397 rupees per kg, falling from the previous day's highest level since Nov. 16.
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