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  • End Session Commentary - Detailed News

Gold Eases But Sharp Tumble In Bitcoin Caps Losses
17-Jul-19   18:16 Hrs IST
Gold eased today but the losses were capped by a corrective undertone in global equities after the US President Donald Trump threatened to impose tariffs on another $325 billion worth of Chinese goods. A massive drop in the value of Bitcoin and soaring Indian imports also worked in favor of Gold, arresting its downside. The metal currently trades at $1407 per ounce, down 0.27% on the day. Bitcoin has slumped 11.30% to quote around $9500 level. MCX Gold futures are trading at Rs 34800 per 10 grams, flat on the day after testing a low of Rs 34682 per 10 grams. India's Gold imports surged around 16% to Rs 18717 crore over year in June 2019.

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