Gold hits 28-month high |
Gold prices climed to Rs 31,050 per 10 grams, a 28-month high, by surging Rs 400 in the bullion market on July 6 , underpinned by risk-off attitude among investors and positive global cues.Pick-up in jewellers` buying in domestic markets came as a shot in the arm. Fears of Brexit impact resurfaced, which led to a firming global trend in gold. So much so that the prices climbed to the highest in more than two years as investors, worried about the global economic outlook, sought refuge in the precious metal.Globally, gold advanced 1.1 per cent to $1,371.39 an ounce, the highest level since March 2014. In the national capital, gold of 99.9 per cent and 99.5 per cent purity soared Rs 400 each to Rs 31,050 and Rs 30,900 per 10 grams, respectively, a level last seen on March 12, 2014 when it stood at Rs 31,020.
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