Gold futures were trading in a narrow range during afternoon trade in the domestic market on Tuesday as investors and speculators remained on the sidelines in the precious metal as safe-haven demand faded amid lack of cues as most of the Asian equity markets are closed today.
However, closeness of Britain’s upcoming elections, prospect of early elections in Italy and worries over Greek debt, restricted further fall in yellow metal prices.
At the MCX, gold futures for June 2017 contract is trading at Rs 28,866 per 10 grams, down by 0.12 per cent, after opening at Rs 28,949, against a previous close of Rs 28,900. It touched the intra-day low of Rs 28,842 (at 13:49 hours).
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