Gold takes 28% hit this year; set for worst annual drop since 1981

摘要

Gold futures in India continued its further downward movement on Friday on bearish global sentiments and appreciation of Indian rupee (INR) against US dollar (USD). Gold futures for February delivery on India's Multi Commodity Exchange (MCX) was seen trading with a loss of 0.61% at Rs.28,403 per 10 grams as of 14.48 1ST on Friday, Technically, the trend in MCX gold futures for February delivery looks sideways to bearish for the day and intra-day traders are advised to sell on rise.