Gold Rises on Firm Overseas Trend

Posted By: Religare
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Gold futures were trading in the green in the domestic market on Wednesday triggered by a firm trend overseas amid fresh buying by local jewellers.

Gold Rises on Firm Overseas Trend

Gold was also up after the dollar eased slightly, with investors waiting for US inflation numbers later this week for hints on the pace of monetary tightening by the Federal Reserve.

At the MCX, gold futures for October 2017 contract is trading at Rs 28573 per 10 grams, up by 0.68 per cent, after opening at Rs 28520, against a previous close of Rs 28379. It touched the intra-day high of Rs 28595 (at 11:25 hours).

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