Gold Rises On Geopolitical Uncertainty

Gold futures closed higher in the domestic market on Monday in the wake of the U.S.’s airstrike against Syria.

Further, the disappointing US jobs data dampened expectations that the US Federal Reserve will hike interest rates, too supported gold prices.

At the MCX, gold futures for June 2017 contract ended at Rs 28747 per 10 grams, up by 0.22 per cent, after opening at Rs 28,682 against a previous close of Rs 28,684. It touched the intra-day high of Rs 28,800.

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Suhani Verma

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