Yellow metal inches higher as US election kicks off

Yellow metal inches higher as US election kicks off

08/11/2016 14:03

Gold futures were trading higher during the afternoon trade in the domestic market on Tuesday as investors and speculators extended their positions in the precious metal amid raising hopes of the Democrat emerging victorious in the race for the White House.

Financial markets keenly awaited the outcome of the US presidential election.

At the MCX, gold futures for December 2016 contract is trading at Rs 30,141 per 10 grams, up by 0.21 per cent, after opening at Rs 30,100, against a previous close of Rs 30,078. It touched the intra-day high of Rs 30,167 (at 13:56 hours).

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