Gold Demand in India, one of the top buyers in the world, remained subdued on Tuesday after Gold rate moved higher on a weak indian rupee and chasing a similar trend overseas. More information about free mcx tips visit my site mcx-trade-tips.blogspot.com
* The most-active MCX gold for October delivery on the MCX was up 0.23% at Rs 30,125 per 10 grams by 0957 GMT.
* India Rupee, which determines landed cost of imported MCX gold, was trading lower on Tuesday.
* International spot MCX gold rose on Tuesday, tracking a firm euro, as a slightly better-than-expected growth data from Germany and France helped ease concerns about the two biggest economies of the euro zone.
* Rural areas, which depend on monsoon rains for agricultural yields and income, contribute to about 60.5% of the country's demand.
* MCX gold imports have already declined due to doubling of import duty, and the drought could further dent demand from rural areas.
* Festival season has started in India, the world's biggest consumer of the yellow metal last year, last week and will peak in November. Weddings will also take place during this period.
* The most-active MCX gold for October delivery on the MCX was up 0.23% at Rs 30,125 per 10 grams by 0957 GMT.
* India Rupee, which determines landed cost of imported MCX gold, was trading lower on Tuesday.
* International spot MCX gold rose on Tuesday, tracking a firm euro, as a slightly better-than-expected growth data from Germany and France helped ease concerns about the two biggest economies of the euro zone.
* Rural areas, which depend on monsoon rains for agricultural yields and income, contribute to about 60.5% of the country's demand.
* MCX gold imports have already declined due to doubling of import duty, and the drought could further dent demand from rural areas.
* Festival season has started in India, the world's biggest consumer of the yellow metal last year, last week and will peak in November. Weddings will also take place during this period.
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