NEW DELHI: Gold prices climbed in futures trade on Monday, taking support from the weakness of rupee while a volatile equity market boosted the appeal of gold as a safe-haven asset.
An uptick in demand by jewellers at spot market and positive global sentiment, too, pushed gold prices higher.
In the international markets, gold prices hovered near a six-year high touched in the previous session, as dovish signals from major central banks and heightened tensions between the United States and Iran boosted demand for the safe-haven metal, Reuters reported.
Holdings of the world's largest gold-backed exchange-traded fund, SPDR Gold Trust, rose 4.57 per cent on Friday from a day earlier, in their biggest one-day percentage gain since September 2008.
Silver also cRead More – Source
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