Home

 
India Bullion iPhone Application
  Quick Links
Currency Futures Trading

MCX Strategy

Precious Metals Trading

IBCRR

Forex Brokers

Technicals

Precious Metals Trading

Economic Data

Commodity Futures Trading

Fixes

Live Forex Charts

Charts

World Gold Prices

Reports

Forex COMEX India

Contact Us

Chat

Bullion Trading Bullion Converter
 

$ Price :

 
 

Rupee :

 
 

Price in RS :

 
 
Specification
  More Links
Forex NCDEX India

Contracts

Live Gold Prices

Price Quotes

Gold Bullion Trading

Research

Forex MCX India

Partnerships

Gold Commodities

Holidays

Forex Currency Trading

Libor

Indian Currency

Advertisement

 
RTRS: India gold futures steady; U.S. jobs data eyed
 
MUMBAI (Reuters) - India gold futures turned steady on Friday on a lack of fresh leads, with investors awaiting the U.S. jobs report to gauge the health of U.S. economy, analysts said.

The most-traded October contract was 0.03 percent lower at 14,910 rupees at 10:58 a.m.

A Reuters poll of economists forecast 320,000 jobs were slashed last month, fewer than the 467,000 workers laid off in June, but the unemployment rate was expected to climb to a 26-year high of 9.6 percent.

"Activity would remain subdued before the jobs data," said Debjyoti Chatterjee, associate vice-president with ADMISI Commodities.

"Recovery in rupee would support gold. Gold may trade in the range of 14,860-14,980 rupees," said Krishna Reddy, an analyst with Way 2 Wealth Securities in Mumbai.

The Indian rupee fell for a second straight session, as early losses in the local sharemarket weighed and trading remained thin amid a two-day strike called by Indian bank employees.

Open interest for October gold on MCX was at 14,644 lots, down from 14,761 a day earlier. Volume on Thursday was 32.66 kg.

Source