Upbeat physical demand lifts Bullion
10/04/2015 12:07
Gold futures rose in the domestic market on Friday amid a pickup in physical demand for the precious metal in Asia.
Further, a rise the number of applications for seeking unemployment benefits in the US signaled a cooling labour market in the world’s biggest economy, raising bets of a delay in the US Fed interest rate lift-off, bolstering the appeal of the bullion as a store of value.
Unemployment claims rose by 14,000 to 281,000 last week.
At the MCX, Gold futures for June 2015 contract was trading at Rs 26,570 per 10 gram, up by 0.18 per cent after opening at Rs 26,577, against the previous closing price of Rs 26,521. It touched the intra-day high of Rs 26,604 till the trading. (At 11:38 PM today).
10/04/2015 12:07
Gold futures rose in the domestic market on Friday amid a pickup in physical demand for the precious metal in Asia.
Further, a rise the number of applications for seeking unemployment benefits in the US signaled a cooling labour market in the world’s biggest economy, raising bets of a delay in the US Fed interest rate lift-off, bolstering the appeal of the bullion as a store of value.
Unemployment claims rose by 14,000 to 281,000 last week.
At the MCX, Gold futures for June 2015 contract was trading at Rs 26,570 per 10 gram, up by 0.18 per cent after opening at Rs 26,577, against the previous closing price of Rs 26,521. It touched the intra-day high of Rs 26,604 till the trading. (At 11:38 PM today).
