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Gold futures Shine on Safe-Haven Demand

By Religare

Gold futures closed higher in the domestic market on Monday amid bargain hunting as global economic uncertainty prompted participants to shift to safe heaven assets.

Gold futures Shine on Safe-Haven Demand

The market experts opined that Italian government's budgetary plans is likely to clash with the European Union.

At the MCX, gold futures for October 2018 contract ended at Rs 30948 per 10 grams, up by 0.55 per cent, after opening at Rs 30751 against a previous close of Rs 30780. It touched the intra-day high of Rs 30980.

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