Yellow metal shines amid rising geopolitical tensions

Yellow metal shines amid rising geopolitical tensions

17/04/2017 13:04

Gold futures were trading higher during afternoon trade in the domestic market on Monday as investors and speculators extended their positions in the precious metal on safe-haven demand as the US dollar weakened due to rising geopolitical tensions over North Korea.

North Korea’s failed ballistic missile test on Sunday, increased geopolitical risks.

At the MCX, gold futures for June 2017 contract is trading at Rs 29447 per 10 grams, up by 0.13 per cent, after opening at Rs 29450, against a previous close of Rs 29409. It touched the intra-day high of Rs 29475 (at 12:59 hours).

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