Gold up on firm global trend
20/09/2017
Gold futures closed higher in the domestic market on Tuesday after speculators raised their bets, tracking a firm global trend.The main market focus is the two-day Federal Open Market Committee meeting that will conclude Wednesday with a statement on monetary policy. The Fed is seen as virtually certain to leave rates unchanged but is expected to begin the process of slowly unwinding the $4.5 trillion balance sheet accumulated via the bond-buying program that ended in 2014.
At the MCX, gold futures for October 2017 contract ended at Rs 29633 per 10 grams, up by 0.29 per cent, after opening at Rs 29,566 against a previous close of Rs 29,547. It touched the intra-day high of Rs 29,682.
20/09/2017
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At the MCX, gold futures for October 2017 contract ended at Rs 29633 per 10 grams, up by 0.29 per cent, after opening at Rs 29,566 against a previous close of Rs 29,547. It touched the intra-day high of Rs 29,682.
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