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As on: Nov 19, 2018 03:40 PM
Gold Garners Good Gains
06-Nov-18   17:59 Hrs IST
Gold gained today as a cautious undertone in the global markets ahead of the US midterm elections triggered some buying in the yellow metal. Prices are quoting at $1237.20 per ounce, up 0.60% on the day. These are the highest levels in last one and half weeks for the counter. Equities are mostly in red in Europe today. Economic data was poor for Eurozone as the private sector expanded at the weakest pace in over two years in October as both manufacturing and services recorded slower rates of growth, latest survey data from IHS Markit showed today. The composite Purchasing Managers' Index, or PMI, fell to 53.1 from September's 54.1. The reading was the lowest since September 2016. MCX Gold futures are trading at Rs 31850 per 10 grams, up 0.47% on the day.

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