Gold gains on weak dollar; Greece in focus
23/04/2015 12:09
Gold prices rose by 0.37 per cent on Thursday at the domestic markets as a weak dollar raised the appeal of the bullion as an alternative asset. Weaker dollar makes the precious metal cheaper for those holding other currencies, thus increasing demand. The absence of major developments in the Greek crisis left investors cautious
Gold futures for June 2015 contract, at MCX, were trading at Rs. 26,722 per 10 grams, up by 0.37 per cent after opening at Rs. 26,640 against the previous closing price of Rs. 26,624. It touched the intra-day high of Rs. 26,755 till the trading. (At 11.57 AM today).
However, gains were curbed after China showed continued weak manufacturing in a survey of purchasing managers. In China, the HSBC flash manufacturing PMI fell to 49.2 in April from March's final of 49.6, shrinking for the third month in-a-row.
23/04/2015 12:09
Gold prices rose by 0.37 per cent on Thursday at the domestic markets as a weak dollar raised the appeal of the bullion as an alternative asset. Weaker dollar makes the precious metal cheaper for those holding other currencies, thus increasing demand. The absence of major developments in the Greek crisis left investors cautious
Gold futures for June 2015 contract, at MCX, were trading at Rs. 26,722 per 10 grams, up by 0.37 per cent after opening at Rs. 26,640 against the previous closing price of Rs. 26,624. It touched the intra-day high of Rs. 26,755 till the trading. (At 11.57 AM today).
However, gains were curbed after China showed continued weak manufacturing in a survey of purchasing managers. In China, the HSBC flash manufacturing PMI fell to 49.2 in April from March's final of 49.6, shrinking for the third month in-a-row.
