MCX Gold Pulls Back, INR Gains

COMEX Gold saw some selling pressure after hitting near eight month highs. However, the equity investors remained concerned about growth in China, capping downside in the yellow metal. COMEX Gold futures currently trade at $ 1317 per ounce, down 0.13% on the day. MCX Gold futures are trading at Rs 33370 per 10 grams, down 0.30% on the day. Local investors eyed the Indian Rupee as it snapped 2-day losing streak. INR ended up 23 paise against US dollar as local stocks stayed supported.