MCX Gold Futures Seen Hitting Another Peak

Reuters reported that India gold futures are expected to rise on European debt concerns.

The market news is quoted as saying:

The most-active gold for August delivery on the Multi Commodity Exchange (MCX) was trading 0.47 percent higher at 23,180 rupees per 10 grams at 1:29 p.m., after hitting a contract high of 23,187 rupees.

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