EPIC RESEARCH MCX GOLD UPDATE OF 21 Oct 2016

Gold prices in India reached to a premium for the first time in nine months on Wednesday as jewelers and dealers in the world's No.2 consumer of the metal increased purchases ahead of major festivals.

For the third day, gold prices surged today, firming up by Rs 160 to trade at two-week high of Rs 30,540 per 10 grams driven by relentless buying by jewelers at domestic spot market and firm global trends. Globally, gold rose by 0.53 per cent to USD 1,268.90 an ounce.





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