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Gold, Silver May Come Under Pressure Today: Geojit Comtrade

Geojit Comtrade has come out with its report on Gold and Silver. As per the research firm prices on the MCX are not expected to witness sharp downside due to weakness in the Indian Rupee.

Dec 14, 2011 / 10:38 AM IST

Geojit Comtrade has come out with its report on Gold and Silver. As per the research firm prices on the MCX are not expected to witness sharp downside due to weakness in the Indian Rupee.

Gold
The yellow metal continued to remain under pressure on account of dollar strength. Spot Gold prices slipped more than 2 percent and closed the $1630/oz but prices on the MCX closed on a flat note as Rupee depreciation protected downside pressure on prices. The World Gold Council (WGC) data showed that world

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