You are here: Home » Reuters » News
Business Standard

Gold declines on profit-taking, firm dollar


By Karthika Suresh NamboothiriBENGALURU - Gold prices edged lower on Thursday in range-bound trade as investors booked profits and the dollar strengthened, while palladium fell from a record high hit in the previous session.Spot gold fell 0.2 percent to $1,235.57 per ounce at 0823 GMT, while U.S. gold futures were 0.1 percent lower at $1,240.8 per ounce."Gold has been near key levels of $1,240, so there might be some technical-level profit-taking," said Hareesh V, head of commodity research at Geojit Financial Services in Kochi, India.A meeting of the Organization of the Petroleum Exporting ...

This article is no longer available in our repository.

There could be multiple reasons for this.

First Published: Thu, December 06 2018. 14:10 IST