On Tuesday Gold futures closed high in the domestic market as
strength in the British pound helped the U.S. dollar ease back from current
multimonth highs.
Signs of a pickup in inflation, which tends to be supportive for
gold, also gave the metal a lift.
At the MCX, gold futures for December 2016 contract ended at Rs 29776
per 10 grams, upward by 0.24 %, after opening at Rs 29,750, against a previous
close of Rs 29,705. It touched the intra-day higher of Rs 29,840.
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