At Rs 62,000, gold at a new high

Two days after the price of gold scaled a six-month high in the international market, the yellow metal went past the Rs 62,000/10gm mark in India. For the first time, gold was trading at around the Rs 62,250-mark in Mumbai's bullion hub. A host of global and domestic factors, including weakness of the dollar against some of the major currencies, a sharp fall in US gilt yields, and the higher demand during the ongoing wedding and festive seasons, are supporting the price of gold, market players said.

Disclaimer : Mytimesnow (MTN) lets you explore worldwide viral news just by analyzing social media trends. Tap read more at source for full news. The inclusion of any links does not necessarily imply any endorsement of the views expressed within them.