Commodity Watch:Gold Climbs Higher Amid Global Trade Worries
June 14, 2019
prices in the international market edged up to its 14-month peak level led by global
trade concerns and political tensions, together with a possible rate-cut by the
U.S Fed Reserve, boosted demand for the precious metal among traders.
gold climbed by 0.3pc to USD1,345.49 per ounce, moving closer to USD1,348.08,
the mark it crossed last week, its highest rise since Mid-April 2018.
prices in India also witnessed a similar rise on Friday, where ten grams per 22-carats
prices rose to Rs.32,160 in Kolkata, Rs.31860
in Delhi, Rs.32160 in Mumbai and Rs.31190 in Chennai.
the Multi Commodity Exchange (MCX), gold to be delivered in June contracts was higher
by 1pc or Rs331, to trade at Rs33290 per 10 gram in a business turnover of 18187
At the Commodity futures trade Friday, Gold prices edged up by Rs.331 to Rs.33290 per ten gram on strong demand by local jewellers at the spot markets in combination with positive global sentiments.