Contact Your Financial Adviser Money Making MC
8 September 2017
 |
| Gold(The Total Investment & Insurance Solutions) |
Gold
prices surged by Rs 990 to Rs 31,350 per ten grams - its highest level in 10
months - at the bullion market on Friday in line with global markets.
Besides, increased buying by local jewellers
lifted gold prices to 10-month high. The precious metal had lost Rs 240 in last
two days.
At the Multi Commodity Exchange (MCX), gold
for delivery in October was trading higher by Rs 98 or 0.32 percent at Rs
30,380 per 10 grams.
Globally, gold hit its
highest in over a year today as the dollar sagged after weaker-than-expected US
jobs data and as festering tensions over North Korea stoked safe-haven demand. As per experts, sentiment got a boost after
gold rallied to one-year high in global market as the dollar fell to its
weakest level since 2015 in the backdrop of warnings that Hurricane Irma could
have devastating impact on the US amid weaker-than-expected jobs data. Besides,
simmering tension between North Korea and the US added to the uptrend.
Spot gold was up 0.4 percent at USD 1,352.91.
Earlier in the session, it marked its strongest since August last year. The Total Investment & Insurance
Solutions
It was up over 2 percent for the week, on
track for a third weekly gain. US gold futures for December delivery rose 0.7
percent to USD 1,359.50.The Total
Investment & Insurance Solutions
No comments:
Post a Comment