Gold Up On Weak US Dollar

Gold futures closed higher in the domestic market on Friday as demand for assets perceived as risky waned and the U.S. dollar touched its lowest level in about seven weeks. Traders also eyed developments tied to a Republican-backed U.S. health-care bill, which could have wide-ranging influence in financial markets.

At the MCX, gold futures for April 2017 contract ended at Rs 28805 per 10 grams, up by 0.02 per cent, after opening at Rs 28,763 against a previous close of Rs 28,800. It touched the intra-day high of Rs 28,828.

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Suhani Verma

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