Gold Rate Today: Gold climbs on positive global sentiment, softer rupee

Home Markets Gold Rate Today: Gold climbs on positive global sentiment, softer rupee
Gold Rate Today: Gold climbs on positive global sentiment, softer rupee

NEW DELHI: Gold prices climbed in futures trade on Tuesday, taking support from positive global sentiment, while softer rupee and a volatile equity market boosted the appeal of gold as a safe-haven asset.

An uptick in demand by jewellers at the spot market, too, pushed gold prices higher.

In international markets, gold prices climbed to their highest in six years as the dollar weakened on prospects of monetary easing by the Federal Reserve while simmering US-Iran tensions drove investors towards the safe-haven bullion, Reuters reported.

Indicative of sentiment, holdings of SPDR Gold Trust, the world's largest gold-backed exchange-traded fund, rose 0.37 per cent on Monday, after posting their biggest percentage gain in nearly 11 years on Friday.

Silver, on the other hand, appeared lacklustre on mRead More – Source

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