Taking the advantage of weak dollar, Gold futures were edged little higher during the electronic trading in New York Mercantile Exchange.
Dollar index slumped to 78.78 against six currencies in overseas market as the financial stocks had witnessed great demand from foreign investors after global economic data showed improvement in January.
Gold, a safe haven investment asset, had rallied nearly 11% in January. Investors may consolidate last month gains in short term.
At 12:22 hrs, in the global market, Gold futures were up $2 to $1,752 an ounce in the commodity division of New York Mercantile Exchange.
Meanwhile, in the domestic market, Gold futures were trading in a narrow range as investors were confused of forecasting short term demand for the yellow metal. Gold for February delivery was seen at Rs.28,100 per 10 grams on MCX.
Email this page
| ursulaN says, Personal finance is the (10 weeks 4 days ago) |
| cbhattarai says, Budgeting Tips (16 weeks 2 days ago) |
| cbhattarai says, Budgeting Tips (16 weeks 2 days ago) |
| cbhattarai says, reply (16 weeks 2 days ago) |
| veronicaD says, Loans recently provides us (20 weeks 21 hours ago) |
| Ramalingam K says, With proper tax planning you (21 weeks 21 hours ago) |
| Ramalingam K says, With proper tax planning you (21 weeks 21 hours ago) |
| cbhattarai says, Paying tax in advance is (21 weeks 23 hours ago) |