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MCX GOLDPETAL December contract was trading at Rs 3005 down Rs 18, or 0.60 percent. The GOLDPETAL rate touched an intraday high of Rs 3022 and an intraday low of Rs 3000.

· Crude fell for a fifth day, the longest run of declines this year · Gold declined as the dollar strengthened · Dollar rallied 5.2 percent against a six-currency basket · Silver declined 0.7 percent to $22.5305 an ounce Crude fell for a fifth day, the longest run of declines this year, as China signaled it may accept a slower economic growth rate.

Information of the happenings of the stock market can be found by reading the daily business newspaper and also by watching the daily business news.

Gold was little changed on Wednesday following sharp overnight losses as safe-haven buying cooled on easing fears of imminent military action by Russia in Ukraine.

Gold headed for the best weekly performance since October 2011 after Federal Reserve Chairman Ben S. Bernanke called for maintaining stimulus, while assets in the largest bullion-backed exchange-traded product held steady.

Gold futures climbed for the second straight day as accelerating inflation in China boosted the appeal of the metal as a hedge, while demand increased for jewelry, coins and bars.

Gold fell for a third day on concern gains last week may deter physical purchases, while investors weighed the Federal Reserve's next move on stimulus.

Gold futures fell to a one-week low on speculation that the U.S. will avert a default, eroding demand for the precious metal as a haven.

Gold futures fell as signs of gains in the U.S. economy eroded demand for the metal. Brent oil traded near a six-week high as renewed violence in Ukraine threatened to destabilize an accord reached last week with Russia, the world's largest energy exporter.

Gold fell to a five-week low in New York as signs of economic recovery in the U.S. boosted speculation the Federal Reserve will further pare stimulus, curbing demand for the precious metal as a store of value.

Gold futures fell for the second time in three days as signs of a recovery in the U.S. economy curbed demand for the precious metal as an alternative asset.

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