Gold Dips On Rising US Dollar

Gold futures closed lower in the domestic market on Wednesday as the dollar firmed and stocks traded broadly higher.

But prices for the precious metal moved a bit higher in electronic trading after Trump administration unveiled some details of a broad tax plan.

At the MCX, gold futures for June 2017 contract ended at Rs 28763 per 10 grams, down by 0.18 per cent, after opening at Rs 29,753 against a previous close of Rs 28,814. It touched the intra-day low of Rs 28,660. 
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Suhani Verma

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