Intraday Trading Updates

International Gold futures moved higher in electronic trading Tuesday, as investors awaited a raft of data coming out of the U.S. Gold for December delivery added $6.40, or 0.4%, to $1,771.00 an ounce on the Comex division of the New York Mercantile Exchange. The counter is right now trading with marginal gains at $ 1767.5, up $ 2.9 an ounce.

The US dollar continued to consolidate around 1.2900 mark against the Euro after hitting its near two week highs yesterday amid a barrage of weak economic data. The Dollar has edged up this week, broadly maintaining its positive movement from the lowest level in five months as global equities retreated after the recent enthusiasm after an array of week economic data last week and Spain reportedly stated that it is in to rush to seek outside financial aid. Euro is right now quoting at $1.2909, down 0.16% from Monday's close.

MCX gold continued to trade with bearish note for the fifth straight sessions as stronger local currency kept the price at lower levels. Gold for the October delivery is right now trading at Rs31446, up Rs13, easing from the high Rs31518 per 10 grams. The counter would test support at Rs31400-31270 and resistance at Rs31500-31600 level. The Indian currency is off its four-month highs near 53 per US dollar today but is holding firm amid small gains in local equities.

COMEX Silver December contract is quoting at $ 34.080, up $0.096 cents per ounce. MCX Silver December is quoting at Rs62600, up Rs200 from last close, after hitting the high Rs62,780 level.