Gold rises on drop in US dollar
22/03/2017 08:34
Gold futures closed higher in the domestic market on Tuesday with gains fueled by a drop in the U.S. dollar as traders eyed the presidential race in France and the U.K. prepared its exit from the European Union.
Meanwhile, the recent gains for gold come after the Federal Reserve raised benchmark interest rates a quarter-point, but was seen as maintaining a more subdued pace for future rate increases.
At the MCX, gold futures for April 2017 contract ended at Rs 28866 per 10 grams, up by 1.27 per cent, after opening at Rs 28,450 against a previous close of Rs 28,505. It touched the intra-day high of Rs 28,881.
22/03/2017 08:34
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Gold futures closed higher in the domestic market on Tuesday with gains fueled by a drop in the U.S. dollar as traders eyed the presidential race in France and the U.K. prepared its exit from the European Union.
Meanwhile, the recent gains for gold come after the Federal Reserve raised benchmark interest rates a quarter-point, but was seen as maintaining a more subdued pace for future rate increases.
At the MCX, gold futures for April 2017 contract ended at Rs 28866 per 10 grams, up by 1.27 per cent, after opening at Rs 28,450 against a previous close of Rs 28,505. It touched the intra-day high of Rs 28,881.
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Free Commodity Tips : Join our Whatsapp No : 9470940040
