Gold rises above Rs12,000 per 10 gm

Gold rises above Rs12,000 per 10 gm

Mumbai: India’s December gold futures on the Multi Commodity Exchange of India Ltd (MCX) hit a key level of Rs12,000 per 10 grams for the first time in November on weak rupee and firm overseas markets.

At 10:54am, December gold was trading at Rs12,011 per 10 grams, up Rs72.

India imports most of its gold. A weak rupee makes imports costlier and pushes up domestic prices.

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