Gold down following cues from global markets

Gold on domestic market is trading marginally down following cues from international markets, however the fall remains capped due to weakness in the rupee. 

Gold on Mcx is currently trading at Rs 27150 per 10 gms down by 0.4 %.

Silver remained flat on Mcx at Rs 36800 per kg.

Internationally, gold settled at $1197 per ounce. During trade it hit a high of $1218 per ounce. 

Data from the US market has been positive for the economy which may cause Fed to increase interest rates in tonight's meeting. 
 

India's gold imports in November were up by 38% to 151.58 tonnes compared to October. 

SPDR Gold Trust holdings on Tuesday were 721.56 tonnes compared to 723.55 tonnes in October.