EPIC RESEARCH MCX GOLD UPDATE OF 12 JUNE 2017

Gold trading range for the day is 28812-29204.Gold dropped as the dollar strengthened despite a market fraught with the type of political drama that would ordinarily have offered a boost to prices.Pressure also seen after British elections failed to deliver a clear majority for PM Theresa May, helping lift the dollar index to its highest since late May.Dealers in India, were offering a discount of up to $3.5 an ounce over official domestic prices, the highest since the last week of December.

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