Gold futures rise on global cues
24/11/2017
Gold futures rise on global cues
24/11/2017 12:44
Gold futures were trading higher in the domestic market on Friday as speculators created fresh positions, taking positive cues from global markets.
Market analysts said rise in the precious metal at the global market as the dollar remained under pressure after minutes of the US Federal Reserve's meeting revealed that some policymakers were concerned over lower inflation, influenced gold at futures trade.
At the MCX, gold futures for December 2017 contract is trading at Rs 29458 per 10 grams, up by 0.06 per cent, after opening at Rs 29507, against a previous close of Rs 29439. It touched the intra-day high of Rs 29527 (at 12:47 hours).
24/11/2017
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Gold futures rise on global cues
24/11/2017 12:44
Gold futures were trading higher in the domestic market on Friday as speculators created fresh positions, taking positive cues from global markets.
Market analysts said rise in the precious metal at the global market as the dollar remained under pressure after minutes of the US Federal Reserve's meeting revealed that some policymakers were concerned over lower inflation, influenced gold at futures trade.
At the MCX, gold futures for December 2017 contract is trading at Rs 29458 per 10 grams, up by 0.06 per cent, after opening at Rs 29507, against a previous close of Rs 29439. It touched the intra-day high of Rs 29527 (at 12:47 hours).
