Spot gold
prices increased by 0.9 percent in the yesterday's trading session as
the rise in risk aversion in the global market sentiments increased the
demand for precious metal as protection of wealth. Further, weakness in
DX along with rise in Physical demand supported prices to trade
positive. However, expectation among the investors that the US Federal
Reserve may start trimming bond buying programme soon caped sharp upside
in the prices.
The yellow metal touched an intra-day high of USD 1394.66/oz and closed at USD 1392.45/oz in yesterday's trading session.
In the Indian markets, prices ended on positive note in the yesterday
trading session taking cues from spot gold prices and closed at
Rs.26630/10gms after touching an intra day high of Rs. 26659/10 gms on
Wednesday. Depreciation in the Indian rupee supported prices to trade in
green.
No comments:
Post a Comment