Gold Rises On Weakness In US Dollar

Gold futures closed higher in the domestic market on Tuesday on the back of political uncertainty in France and the U.K., declines in U.S. equities and other risk assets, and weakness in the dollar.

Gold prices had tallied a fourth straight session climb on Tuesday, underpinned by tensions with North Korea and uncertainty for the European economy.

At the MCX, gold futures for June 2017 contract ended at Rs 29505 per 10 grams, up by 0.25 per cent, after opening at Rs 29,401 against a previous close of Rs 29,430. It touched the intra-day high of Rs 29,539.

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Suhani Verma

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