Gold rises on expected passage of tax bill
19/12/2017
19/12/2017
Commodity Segment
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Gold rises on expected passage of tax bill
19/12/2017 07:45
Gold futures closed higher in the domestic market on Monday rising in anticipation of the expected passage of the much-awaited tax bill.
Gold prices have climbed this year despite rising U.S. interest rates, a rally in global stock markets and a jump in cryptocurrency prices—and the yellow metal has plenty of reasons to stretch its gains into 2018.
At the MCX, gold futures for February 2017 contract ended at Rs 28474 per 10 grams, up by 0.78 per cent, after opening at Rs 28,358 against a previous close of Rs 28,254. It touched the intra-day high of Rs 28,490.
