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Gold Gains As FBI Further Probes Clinton Mails

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Gold in the international markets jumped almost one per cent, after the FBI said that it will further probe Clinton's use of her private email system.

 

Gold Gains As FBI Further Probes Clinton Mails
Gold prices rallied, while stock prices in the US crashed, as investors worried it would affect the outcome of the US elections.

The stock and the commodity markets are factoring a Clinton win, and any adverse news to her chances could lead to fresh fall in stocks and a jump in gold prices.

Gold in the international market climbed to the highest level in almost a month to $1278 an ounce. Remember, Indian gold prices take their cues from international markets and any rally in these markets, leads to fresh gains in the domestic markets.

Check gold rates in your city here

In the domestic markets gold for 10 grams was trading at Rs 29,600 per 10 grams. It might gain even more as prices would be revised once again later in the day.

GoodReturns.in

Read more about: gold
Story first published: Saturday, October 29, 2016, 9:59 [IST]
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