Gold Up On Rising Jobless Benefit Claims

Gold futures closed higher in the domestic market on Thursday after a report showing a climb to one-month highs for weekly jobless benefit claims proved mildly supportive for gold.

Gold also trimmed losses after the White House provided an outline of President Donald Trump’s broad tax plan.

At the MCX, gold futures for June 2017 contract ended at Rs 28765 per 10 grams, up by 0.16 per cent, after opening at Rs 28,789 against a previous close of Rs 28,719. It touched the intra-day high of Rs 28,817.

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Suhani Verma

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