|Chennai||Rs. 27770.00 (-0.14%)|
|Mumbai||Rs. 29200.00 (2.31%)|
|Delhi||Rs. 27900.00 (-0.36%)|
|Kolkata||Rs. 28270.00 (1%)|
|Kerala||Rs. 27050.00 (-0.37%)|
|Bangalore||Rs. 27550.00 (1.66%)|
|Hyderabad||Rs. 27770.00 (-0.14%)|
Gold futures in India are likely to fall past their lowest level in a month, weighed by expectations of a strong dollar, dimming the yellow metal's appeal as an alternative investment.
At 12.22 p.m., the actively traded gold for June delivery on the Multi Commodity Exchange (MCX) was 1.61 percent lower at 25,420 rupees per 10 grams. It earlier dropped to 25,373 rupees, a level last seen on April 18.
"The trend will continue to be bearish. There is critical support around 24,250-24,500 rupees and we could see some consolidation," said Kishore Narne, director with Motilal Oswal Commodities Broker.