India, May 25 -- Gold futures traded higher on Monday, supported by gains in global markets amid a weaker US dollar and growing optimism over a potential peace agreement between the US and Iran.
On the Multi Commodity Exchange of India (MCX), gold contracts for June delivery rose by Rs 426, or 0.27 per cent, to Rs 1,59,105 per 10 grams, with a business turnover of 5,312 lots.
According to Gaurav Garg, gold prices witnessed a strong uptick mainly due to weakness in the US dollar and improving sentiment surrounding a possible US-Iran peace agreement.
Published by HT Digital Content Services with permission from Dion Global Solutions Limited....