India gold futures higher on global cues
International gold was quoted at $1,097.5 an ounce at 12.02pm versus earlier close of $1,092.65. With a 25% rally this year, gold has posted it's ninth consecutive annual rise.
India's gold futures were slightly higher on Thursday tracking international cues, but a strong dollar may weigh on prices during the day, analysts said.The benchmark February gold on the MCX was at Rs16,687 per 10gm, up 0.21%."This has been another good year for gold investors...despite some losing interest in the yellow metal..it will remain attractive next year also," said an analyst with Delhi-based Real Wealth Advisors.International gold was quoted at $1,097.5 an ounce at 12.02pm versus earlier close of $1,092.65. With a 25% rally this year, gold has posted it's ninth consecutive annual rise.