Gold prices closed higher in the domestic market on Tuesday as a series of explosions in Brussels sparked a wave of risk aversion, boosting appetite for safe-haven assets. Risk sentiment took a hit after explosions tore through the departure hall of Brussels airport on Tuesday morning killing at least 26 people and injuring 35 others and a second blast struck a metro station in the capital shortly afterwards. The blasts at the airport and metro station occurred four days after the arrest in Brussels of a suspected participant in November militant attacks in Paris that killed 130 people. Meanwhile, traders weighed comments from a top US Fed official who saw an interest rate hike likely in April, dimming the lure for the bullion as a store of value. The Fed last week had indicated a slower than earlier anticipated pace of monetary tightening. At the MCX, Gold futures for April 2016 contract closed at Rs 29,049 per 10 gram, up by 0.37 per cent after opening at Rs 28,961, against the previous closing price of Rs 28,941. It touched the intra-day high of Rs 29,340.
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