Gold Prices Cross Rs 39,000-Mark

13 Août, 2019, 19:22 | Auteur: Auguste Feret
  • Gold breaks the psychological $1,500 level on Monday due to concerns over slowing global economic growth

Sovereign gold, however, gained Rs 200 to Rs 28,800 per eight grams.

Gold futures on MCX (October 2019) were trading at Rs 38,530 and touched an intraday high of Rs 38,585.

In the global market, gold prices scaled to its highest price in over 6 years.

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In global markets, the yellow metal edged higher amid worries over the Sino-US trade conflicts and concerns over protests in Hong Kong. Moreover, the Hong Kong worldwide airport which is one of the busiest cargo airports was shut down due to thousands of protestors in Hong Kong. Following Trump's decision to impose additional tariffs on China, gold prices have been climbing as investors seek resort in the safe-haven investment.

On Monday, Spot Gold prices ended higher by 0.96 percent to close at $1511.2 per ounce.

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