| Dollar bounce pulls down bullion |
| Kedia Commodities / Mumbai December 07, 2006 |
| Gold dropped 1.5% to its lowest level in one week on Wednesday as a rebound in the dollar reduced the metal's appeal as an alternative investment. While February gold futures dropped $12 to settle at $635.90, MCX gold futures closed at Rs 9,335/10gms. Silver slipped 23 cents to settle at $13.795 and Silver MCX closed at Rs 20,651/kg. With the dollar remaining a key factor in deciding market direction, today |
