Gold futures were trading higher during the afternoon trade in the domestic market on Wednesday as safe haven assets become more attractive for investors as Donald Trump stunned the financial markets by winning the US presidential election.
The prices for gold rise as traditional safe-haven become more attractive for investors in times of high economic risk. Also, the US dollar fell sharply against a basket of other leading currencies.
At the MCX, gold futures for December 2016 contract is trading at Rs 30,460 per 10 grams, up by 1.94 per cent, after opening at Rs 30,400, against a previous close of Rs 29,880.
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