For Quick Alerts
ALLOW NOTIFICATIONS  
For Daily Alerts

Gold shines: International gold hits 3-week high

|

Gold shines: International gold trades at $1,734
Precious-metals shine more during the times of uncertainties but one should also keep in mind their inverse relationship with US Dollar.

International gold rose on hopes of a continuation of further monetary policy by the US Federal Reserve and also policy support in Europe boosted the yellow metal sentiments. Spot gold was seen trading at $1,734 an ounce, hitting three week high.

 

In India, gold futures rose as speculators enlarged their positions tracking firm global cues. Gold futures for December 2012 contract, at MCX, were trading at Rs 31,558 per 10 grams, up by 0.70% at 2.15 pm IST, after opening at Rs 31,388 per 10 grams.

Delhi spot gold was little changed from yesterday and was seen trading at Rs 32,040 per 10 grams and gold of 99.5% was seen at Rs 31,840 per 10 grams.

Festive and wedding season in India have kept gold under the shiny zone. On the domestic front, gold hasn't failed to lure the buyers this festive season.

Gold may see huge demand this month due to up-coming Diwali and Dhanteras which are the most auspicious events for the Hindus.

However, investors may constrain from buying due to rising prices.

GoodReturns.in

Read more about: gold mcx futures
Company Search
Get Instant News Updates
Enable
x
Notification Settings X
Time Settings
Done
Clear Notification X
Do you want to clear all the notifications from your inbox?
Settings X