Gold glitters on wedding buzz, global cues
15/01/2018
Gold glitters on wedding buzz, global cues
15/01/2018 14:59
Gold prices rose in futures trading on Monday amid firm global trend and pick- up in wedding season buying by local jewellers and retailers.
Bullion traders said the sentiment got a boost owing to a firming trend overseas where gold rose to the highest since September, as the dollar slumped to three-year lows against a basket of currencies, raising appeal of the precious metals as a safe haven.
At the MCX, gold futures for February 2018 contract is trading at Rs 29707 per 10 grams, up by 0.54 per cent, after opening at Rs 29600, against a previous close of Rs 29547. It touched the intra-day high of Rs 29749 (at 15:07 hours).
15/01/2018
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Gold glitters on wedding buzz, global cues
15/01/2018 14:59
Gold prices rose in futures trading on Monday amid firm global trend and pick- up in wedding season buying by local jewellers and retailers.
Bullion traders said the sentiment got a boost owing to a firming trend overseas where gold rose to the highest since September, as the dollar slumped to three-year lows against a basket of currencies, raising appeal of the precious metals as a safe haven.
At the MCX, gold futures for February 2018 contract is trading at Rs 29707 per 10 grams, up by 0.54 per cent, after opening at Rs 29600, against a previous close of Rs 29547. It touched the intra-day high of Rs 29749 (at 15:07 hours).
