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Gold price ups by Rs 232 on global cues

Globally, spot gold had risen 1.3 % to USD 1,332.55 an ounce, after touching a high of USD 1,335.30

Policy Pulse
Publish Date: Jun 27 2016 12:43PM | Updated Date: Jun 27 2016 12:43PM

Gold price ups by Rs 232 on global cues

Gold futures extended gains in early trade Monday as participants enlarged their positions after aftershocks from Britain`s vote to leave the European Union pushed investors towards the safe-haven asset. Gold prices rose by another Rs 232 to Rs 31,922 per 10 gram.

 

At the Multi Commodity Exchange (MCX), gold for delivery in August last quoted up by Rs 200 at Rs 31,600 per 10 grams. 

 

Globally, Spot gold had risen 1.30 percent to USD 1,332.55 an ounce, after touching a high of USD 1,335.30 earlier in the day.

 

Bullion prices surged by 4.8 percent in the previous session to top out at USD 1,358.20, the highest since March 2014.