Yellow Metal Little Changed On Political Worries

Gold futures were little changed during afternoon trade in the domestic market on Wednesday as investors and speculators seeking refuge in safe-haven assets amid escalating tensions over US relations with Russia and North Korea.

Investors remained nervous, ahead of the French presidential election, along with intensified tensions in Korean peninsula and West Asia following US strikes on Syria bases, lifted gold prices.

At the MCX, gold futures for June 2017 contract is trading at Rs 29208 per 10 grams, up by 0.05 per cent, after opening at Rs 29216, against a previous close of Rs 29193. It touched the intra-day high of Rs 29291.

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Suhani Verma

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