Gold futures closed higher in the domestic market on Monday as investors rushed to buy the metal in the wake of the U.K.’s decision to exit from the European Union. Gold tends to rally in times of economic, market or political uncertainty because precious metals are considered a haven asset.
At the MCX, Gold futures for August 2016 contract closed at Rs 31562, per 10 gram, up by 0.51 per cent after opening at Rs 31,450, against the previous closing price of Rs 31,401. It touched the intra-day high of Rs 31,740.
At the MCX, Gold futures for August 2016 contract closed at Rs 31562, per 10 gram, up by 0.51 per cent after opening at Rs 31,450, against the previous closing price of Rs 31,401. It touched the intra-day high of Rs 31,740.
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