Gold rises on geopolitical tension
25/09/2017
Gold futures closed higher in the domestic market on Friday with heightened tension pegged to North Korea credited with providing a modicum of support to the haven. North Korean officials threatened to test a hydrogen bomb over the Pacific Ocean, escalating tensions in the Korean Peninsula. North Korea’s leader Kim Jong Un criticized President Donald Trump for remarks made during the U.S. leaders U.N. speech, in which he threatened to totally destroy Pyongyang if provoked. At the MCX, gold futures for October 2017 contract ended at Rs 29605 per 10 grams, up by 0.14 per cent, after opening at Rs 29,650 against a previous close of Rs 29,564. It touched the intra-day high of Rs 29,746.
25/09/2017
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Gold futures closed higher in the domestic market on Friday with heightened tension pegged to North Korea credited with providing a modicum of support to the haven. North Korean officials threatened to test a hydrogen bomb over the Pacific Ocean, escalating tensions in the Korean Peninsula. North Korea’s leader Kim Jong Un criticized President Donald Trump for remarks made during the U.S. leaders U.N. speech, in which he threatened to totally destroy Pyongyang if provoked. At the MCX, gold futures for October 2017 contract ended at Rs 29605 per 10 grams, up by 0.14 per cent, after opening at Rs 29,650 against a previous close of Rs 29,564. It touched the intra-day high of Rs 29,746.
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