Wednesday, 6 September 2017

Yellow Metal Rises On Positive Global Cues

Gold futures were trading higher in the domestic market on Wednesday as speculators raised bets amid a firm global trend. Market analysts attributed the rise in gold prices at futures trade to a firming trend overseas as demand for safe- haven assets remained strong in the wake of North Korea's most powerful nuclear test to date.

At the MCX, gold futures for October 2017 contract was at Rs 30256 per 10 grams, up 0.11 per cent, after opening at Rs 30245 against a previous close of Rs 30223. It touched the intra-day high of Rs 30274 (12:43 hours).

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