Spot gold prices ended lower on Tuesday retreating from a three week high on strength in dollar index and ease of tensions between the Middle East and the west reducing bullions safe haven appeal.
Although reading for consumer prices was higher it did not aid any sentiment for gold prices, while strength in the dollar on hopes that the Federal Reserve in its monetary policy meeting on Wednesday would head for more monetary tightening acted as a negative factor.
On the MCX, gold prices headed higher and marginally gained by 0.03 percent to close at Rs.26839/10 gms.
Although reading for consumer prices was higher it did not aid any sentiment for gold prices, while strength in the dollar on hopes that the Federal Reserve in its monetary policy meeting on Wednesday would head for more monetary tightening acted as a negative factor.
On the MCX, gold prices headed higher and marginally gained by 0.03 percent to close at Rs.26839/10 gms.
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