Today, Mcx gold stayed around its highest level since June at close to $1,200 an ounce, buoyed by uncertainty over world's growth that has kept stock markets under immense selling pressure.
Important Key Points:
Spot gold was seen flat at $1,191.10 an ounce by 0037 GMT. The metal, which thrives on uncertainity in markets elsewhere, rose as high as $1,200.60 on yesterday, its strongest since June 22 previous year.
Bullion tips gained 5 per-cent last week, its highest such increase since July 2013, boosting gold bull estimations that the price can go higher as world's headwinds could make it tough for the U.S. Federal Reserve to increase interest rates current year.
U.S(United States) gold for April month delivery was off 0.4 per-cent at $1,192.70 an ounce.
Important Key Points:
Spot gold was seen flat at $1,191.10 an ounce by 0037 GMT. The metal, which thrives on uncertainity in markets elsewhere, rose as high as $1,200.60 on yesterday, its strongest since June 22 previous year.
Bullion tips gained 5 per-cent last week, its highest such increase since July 2013, boosting gold bull estimations that the price can go higher as world's headwinds could make it tough for the U.S. Federal Reserve to increase interest rates current year.
U.S(United States) gold for April month delivery was off 0.4 per-cent at $1,192.70 an ounce.
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