Gold futures at the Multi Commodity Exchange may open marginally lower today following Moody’s downgrade of Spain and Cyprus.
Spain and Italy have appealed to European policy makers to step up their response to the crisis after a €100-billion ($125 billion) lifeline for Spanish banks failed to convince markets.
One needs to keep track of rupee movement against dollar. If it appreciates, gold prices would decrease more in India.
MCX gold August contract may open down at Rs 30,020 per 10 grams against yesterday’s close of Rs 30,050.
Gold in Mumbai spot market opened at Rs 2,918 per gram against the previous close of Rs 2,907.
In the US spot market, the yellow metal was trading at $1,617 a troy ounce at 9 am today. At Comex, it closed at $1,618 a troy ounce yesterday.
Al Jazira Capital Rates JABAL Omar to “Overweight”
Jabal Omar: is a mix commercial and residential projects located next to
the Al haram mosque in Makkah. The project will be spread over an area of
230.000 sqm with around 2mn sqm of construction co
Kuwait inflation plunges to nine-year low
Kuwait's annual inflation rate fell to a modest 2.7 per cent in October - its lowest in nine years, despite robust consumer spending and some improvement in business sentiment, said a report.
Sultanate's signature trade expo to open on Monday
Eng. Saif bin Amur bin Sulaiman Al Shaqsi, Undersecretary Ministry of Housing, will lead a number of government and private sector dignitaries as well as prominent figures from the construction, real
Qatar General Insurance and Reinsurance Decides To Carry Out a Study
The management of Qatar General Insurance and Reinsurance company decided to carry out a study for converting the legal form of Qatar General Holding Company (a company 100% owned by Qatar General In
QIB to Sponsor Euromoney Qatar Conference 2013
Qatar Islamic Bank (QIB) - the leading Islamic Bank in Qatar -will be the co-sponsor of The
Euromoney Qatar Conference, due to be held in Doha on 10-11 December 2013.
Being held under the