AHMEDABAD (Commodity Online): MCX Gold edged down yesterday evening on account of strong Dollar Index as investors stayed on the sidelines for the first time in month.
At MCX, Gold December delivery contract up by 0.30 percent, tested low at 20551 and recovered some losses in morning trades.
Gold price dropped from 20900 all time higher levels on firmer U.S. dollar Index. On Wednesday, Gold price stays steady with strong buying in local market at lower levels.
Investors and Speculators are considering this fall as buying opportunity in international market. Gold looks strong above 20500 levels. Gold price may rise to 21,000 marks in coming month.
