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The trend in gold futures for December delivery on India's Multi Commodity Exchange (MCX) looks sideways to bearish for the day and intra-day traders are advised to sell on rise. MCX gold futures was seen trading with a gain of 0.13 at Rs.30090 per 10 grams as of 16.08 IST on Tuesday.
Gold prices continued their weakness in the global market and were seen trading almost steady amid weak physical demand, strengthening equity markets. Meanwhile, India gold futures remained almost steady tracking weak global cues and on appreciation of Indian Rupee against US Dollar.
Comex gold futures for December delivery was seen trading with a gain of $1 at $1273.3 per troy ounce as of 16.07 IST while the futures on India's Multi Commodity Exchange (MCX) was seen trading with a gain of 0.13 at Rs.30090 per 10 grams as of 16.08 IST on Tuesday.
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