Gold rises on weakness in US stocks
15/11/2017 07:45
Gold futures closed higher in the domestic market on Tuesday buoyed by a drop in a key U.S. dollar benchmark index to its lowest level in almost three weeks.

Uncertainty over the outlook for U.S. tax reform and its potential impact in supercharging the economy also supported the metal’s move higher, hitting investor risk appetite and underpinning gold’s value as a haven asset.

At the MCX, gold futures for December 2017 contract ended at Rs 29639 per 10 grams, up by 0.09 per cent, after opening at Rs 29,502 against a previous close of Rs 29,611. It touched the intra-day high of Rs 29,662.