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Reuters reports that the Indian gold price eased Monday due to a higher rupee, but importers are waiting for a further drop during the festival season that just kicked off.
Reuters reports that the Indian gold price eased Monday due to a higher rupee, but importers are waiting for a further drop during the festival season that just kicked off.
As reported in the market news:
The most active gold for October delivery on the Multi Commodity Exchange (MCX) was 0.36 percent lower at 31,230 rupees per 10 grams, easing from the previous session’s record high of 31,405 rupees. Â
The festival and wedding season is now underway in India, the world’s biggest buyer of bullion, and will continue till November.
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