Gold rises on weak US dollar
14/05/2018
Gold rises on weak US dollar
14/05/2018 00:06
Gold futures closed higher in the domestic market on Friday as a benchmark dollar index weakened, offering some support to prices for the precious metal. Bullion held its modest gain after a report showed a tepid rise in import prices for April, offering little immediate fodder for argument over higher inflation risks hanging over Federal Reserve interest-rate decisions. At the MCX, gold futures for June 2018 contract ended at Rs 31540 per 10 grams, up by 0.56 per cent, after opening at Rs 31,380 against a previous close of Rs 31,365. It touched the intra-day high of Rs 31,570.
14/05/2018
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Gold rises on weak US dollar
14/05/2018 00:06
Gold futures closed higher in the domestic market on Friday as a benchmark dollar index weakened, offering some support to prices for the precious metal. Bullion held its modest gain after a report showed a tepid rise in import prices for April, offering little immediate fodder for argument over higher inflation risks hanging over Federal Reserve interest-rate decisions. At the MCX, gold futures for June 2018 contract ended at Rs 31540 per 10 grams, up by 0.56 per cent, after opening at Rs 31,380 against a previous close of Rs 31,365. It touched the intra-day high of Rs 31,570.
