Analysts said that India gold futures edged up at open as traders stepped up buying taking cues from overseas markets. The most active April contract MAUc1 on the MCX was up 0.3% at INR 20,666 per 10 grams at 5:00 GMT. In the previous session it closed at INR 20,660 per 10 grams.
Spot gold edged up as higher oil prices amid the ongoing Middle East crisis and a firm euro on expectations of a European Central Bank rate hike lent support. Spot gold inched up nearly 0.14% to USD 1,429.95 an ounce by 5:00 GMT after ending the Q1 up 0.7%.
Base metals fell in London down 0.5% on average led by copper's 0.7% slide in light trade during 2 day market holiday in China. Three month copper on the London Metal Exchange slipped USD 64.25 to USD 9,294.75 per tonne by 0425 GMT. Volumes were light with just 640 lots traded.
Spot gold edged up as higher oil prices amid the ongoing Middle East crisis and a firm euro on expectations of a European Central Bank rate hike lent support. Spot gold inched up nearly 0.14% to USD 1,429.95 an ounce by 5:00 GMT after ending the Q1 up 0.7%.
Base metals fell in London down 0.5% on average led by copper's 0.7% slide in light trade during 2 day market holiday in China. Three month copper on the London Metal Exchange slipped USD 64.25 to USD 9,294.75 per tonne by 0425 GMT. Volumes were light with just 640 lots traded.
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