Breaking News

You are here » Indian-Commodity  :  Commodities  :  Gold, Silver & Bullion  :  Gold futures end higher on Monday

16-Oct2018

Gold futures end higher on Monday

Gold futures ended higher on Monday, marking its highest rate since late July due to increased safe haven investments amidst of crash in global equity markets and geo-political tensions. Meanwhile, weakness in dollar also added to the upside momentum. As per reports, in last week the yellow metal had climbed 1.4%, registering its second weekly rise in a row.

Gold futures for December delivery settled up $8.3, or 0.68 percent, at $1,230.30 per ounce, on the Comex division of the New York Mercantile. While, spot gold gained 0.7 percent to $1,226.50 per ounce.


Related News

View all news

Gold futures end tad higher on Tuesday

Gold futures ended marginally higher on Tuesday, with growing fears of global economic slowdown followed by the report that US cancelled preparatory trade talks this week with Chinese vice ministers. However,......

Gold futures finish at one month low on Monday

Gold futures finished at one month low on Monday, with the increased risk appetite among investors improved stock markets and dulled bullion investments. Besides, a stronger dollar amid the anticipated......

Gold futures trade almost steady on Monday

Gold futures traded almost steady on Monday, with cautious outlook from investors as they eyed on impending report from china showcasing dimmed economic growth to its slowest in 28 years in 2018 in face......

Top News

View all news

Spice Mobility incorporates foreign subsidiary in Nepal

Spice Mobility has incorporated 'Digispice Nepal', a 100% foreign subsidiary of the company, in Nepal. The main object of the company is to operate in the information technology industry and provide software......

CARE assigns 'Al+' rating to EID Parry's CP

Credit rating agency, CARE has assigned rating of 'Al+' to EID Parry's Commercial Paper (CP) worth Rs 950 crore. The rating assigned to the CP factors in strong parentage of EID, benefits derived from......

Hathway Cable & Datacom reports 73% fall in Q3 net profit

Hathway Cable & Datacom has reported results for third quarter ended December 31, 2018.The company has reported 73.02% fall in its net profit at Rs 6.44 crore for the quarter under review as compared......