Share Market Tips
Gold
Share Market Tips
Share Market Tips
However, losses were limited as the greenback eased on Friday, bolstering the demand for the bullion as an alternative asset. A softer dollar makes Gold less expensive for those holding other currencies, thus lifting Gold demand. At the MCX, Gold futures for August 2015 contract closed at Rs 26,058 per 10 gram, down by 0.02 % after opening at Rs 26,088, against the previous closing price of Rs 26,064. It reached the intra-day low of Rs 26,017 till the closing.Click Here For MoreShare Market Tips
Gold
Share Market Tips
Share Market Tips
On Friday, Gold prices ended flat in the domestic market as traders digested strong indications from Janet Yellen that the Federal Reserve will raise interest rates this year and markets throughout the euro zone moved broadly higher amid optimism of a Greek deal. Greece Prime Minister Alexis Tsipras sought support from members of parliament for backing of a €53.5 billion austerity plan through the European Stability Mechanism (ESM). Yellen said that the Fed is on track to raise interest rates at some point this year.
However, losses were limited as the greenback eased on Friday, bolstering the demand for the bullion as an alternative asset. A softer dollar makes Gold less expensive for those holding other currencies, thus lifting Gold demand. At the MCX, Gold futures for August 2015 contract closed at Rs 26,058 per 10 gram, down by 0.02 % after opening at Rs 26,088, against the previous closing price of Rs 26,064. It reached the intra-day low of Rs 26,017 till the closing.Click Here For MoreShare Market Tips
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