Gold futures rose by 0.04
per cent on Thursday at the domestic markets as normal demand flows in China and India
for physical gold were eyed after recent sharp dips. Further, a
weaker dollar raised the appeal
of the bullion as an alternative asset. Weaker dollar makes the
precious metal cheaper for those
holding other currencies, thus increasing demand. At the MCX Gold futures for February 2015
contract was trading at Rs 25,696 per 10 gram, up by 0.04 per cent after opening at Rs
25,660, against the previous closing price of Rs 25,685. It touched
the intra-day high of Rs 25,697
till the trading.
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