US manufacturing activity News
At the Multi Commodity Exchange (MCX), gold for delivery in December dropped by Rs 195, or 0.66 percent, to Rs 29,511 per 10 grams.
Gold dropped for a third session in four on Tuesday, closing in on a 5-1/2-year low, with selling pressure supported by expectations that the Federal Reserve is set to raise interest rates this year.
US manufacturing activity unexpectedly accelerated in October and automobile sales were strong, easing concerns of a significant moderation in economic growth.
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