Gold rises with Greece debt impasse in focus
16/04/2015 12:07
Gold prices rose by 0.06 per cent on Thursday at the domestic markets with tension over Greece a centrepiece for investors as the country and its creditors remain at an impasse. Investors anticipating a collapse in negotiations between Greece and its euro zone creditors could scurry to gold as a safe haven. Further, a weak dollar raised the appeal of the bullion as an alternative asset. Weaker dollar makes the precious metal cheaper for those holding other currencies, thus increasing demand. Gold futures for June 2015 contract, at MCX, were trading at Rs. 26,752 per 10 grams, up by 0.06 per cent after opening at Rs. 26,710 against the previous closing price of Rs. 26,737. It touched the intra-day high of Rs. 26,771 till the trading. (At 11.50 AM today).
16/04/2015 12:07
Gold prices rose by 0.06 per cent on Thursday at the domestic markets with tension over Greece a centrepiece for investors as the country and its creditors remain at an impasse. Investors anticipating a collapse in negotiations between Greece and its euro zone creditors could scurry to gold as a safe haven. Further, a weak dollar raised the appeal of the bullion as an alternative asset. Weaker dollar makes the precious metal cheaper for those holding other currencies, thus increasing demand. Gold futures for June 2015 contract, at MCX, were trading at Rs. 26,752 per 10 grams, up by 0.06 per cent after opening at Rs. 26,710 against the previous closing price of Rs. 26,737. It touched the intra-day high of Rs. 26,771 till the trading. (At 11.50 AM today).
