Gold futures hit Rs 27,035 on weak rupee

Mumbai-India (June 16) Gold climbed in the spot and futures markets on Monday, as a weak rupee pushed up prices that track international rates.

 Gold futures on the MCX rose 1.07% in morning trade to Rs 26,911 per 10 gms for August contract. It touched an intraday high of Rs 27,035 and a low of Rs 26,650. In the spot market, the yellow metal appreciated by Rs 300 to Rs 27,700 per 10 gms.

 "Rupee devaluation is making gold costlier. There are buyers in the market right now as escalating violence in I ..

SOURCE: EconomiTimes