Gold Trades Higher as Greece Risks Weigh

Subscribe to GoodReturns
For Quick Alerts
ALLOW NOTIFICATIONS  
For Daily Alerts

    Gold edged higher in trade on Thursday amid uncertainty in Greece which helped investors to buy the precious metal. Gold's so called reputation as a 'flight to safety' continued amid global economic and financial uncertainty.

    Gold, which is considered as an alternative to other riskier assets tends to benefit from any global and financial turmoil.

    Gold Trades Higher as Greece Risks Weigh
     

    However, gold was seen trading in narrow range ahead of Friday's U.S. employment data, which will hint at the further direction for the yellow metal. International gold was seen trading at $1,267 an ounce.

    Speculators may plan to rebuild their portfolio with gold after it rose in international markets.

    At the Multi Commodity Exchange(MCX), Gold for delivery in latest month February rose high to Rs 27,750 per 10 grams at 2.20 pm IST. Domestic bullion prices in Delhi was of 22 carat and 24 carat gold was seen at Rs 27,930 and Rs 26,120 per 10 grams, respectively.

    GoodReturns.in

    Read more about: gold mcx futures
    Story first published: Thursday, February 5, 2015, 15:02 [IST]
    Company Search
    Enter the first few characters of the company's name or the NSE symbol or BSE code and click 'Go'

    Find IFSC

    We use cookies to ensure that we give you the best experience on our website. This includes cookies from third party social media websites and ad networks. Such third party cookies may track your use on Goodreturns sites for better rendering. Our partners use cookies to ensure we show you advertising that is relevant to you. If you continue without changing your settings, we'll assume that you are happy to receive all cookies on Goodreturns website. However, you can change your cookie settings at any time. Learn more