Gold Rises On Cautious Financial Market

Gold futures closed higher in the domestic market on Tuesday as financial markets were somewhat cautious following the incident in the north of England. The precious-metals market will also look for clues on the timing for U.S. interest rate increases from the release Wednesday of minutes from the Federal Reserve’s early-May meeting.

At the MCX, gold futures for June 2017 contract ended at Rs 28818 per 10 grams, up by 0.11 per cent, after opening at Rs 28,850 against a previous close of Rs 28,785. It touched the intra-day high of Rs 28,935.

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Suhani Verma

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