EPIC RESEARCH MCX GOLD UPDATE OF 1 DECEMBER 2016

On Wednesday, spot gold prices declined by 1.32 percent to close at $1172.7 per ounce fell to nearly a 10-month low on Wednesday, adding to its deepest monthly price declines in more than three years as strong U.S. economic data and higher U.S. Treasury yields buoyed the dollar, further cementing the case for a December rate increase. On the MCX, gold prices declined by 1.31 percent to close at Rs.28385 per 10 gms.

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