Yellow metal little changed on global cues

Yellow metal little changed on global cues

29/05/2017 14:16

Gold futures were little changed during afternoon trade in the domestic market on Monday as investors and speculators remained on the sidelines in the precious metal as safe-haven demand faded after report of a North Korean missile test fizzed out.

Meanwhile, yellow metal held a narrow range on Monday as Chinese markets are closed on Monday and Tuesday for the Dragon Boat festival.

At the MCX, gold futures for June 2017 contract is trading at Rs 28,868 per 10 grams, down by 0.07 per cent, after opening at Rs 28,870, against a previous close of Rs 28,888. It touched the intra-day low of Rs 28,832 (at 14:08 hours).

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