Gold Investing News » India’s Gold Futures have edged lower as strong rupee weighs

India's Gold Futures have edged lower as strong rupee weighs

July 15, 2009 @ 9:27 pm In Gold Market News

India's gold futures have edged lower weighed down by a strong rupee, making the imported yellow metal cheaper.

Kunal Shah, assistant vice-president with Nirmal Bang Commodities, stated:

Inflationary concerns in the U.S. might continue to support gold. Resistance is pegged at 14,825 rupees.

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