Gold rises 1.6% to USD 1786.9/ounce

December gold contract rose 1.6% to USD 1786.9/ounce and September silver contract went up 1.4% to USD 39.87 per ounce in the international markets.

August 17, 2011 / 12:20 IST

By Varinder Bansal, Research Analyst at CNBC-TV18

Precious metals saw buying on Tuesday while crude witnessed some sell-off.

December gold contract rose 1.6% to USD 1786.9/ounce and September silver contract went up 1.4% to USD 39.87 per ounce in the international markets.

September crude oil contract declined 1.4% to USD 88.65 a barrel and September natural gas contract went down 2.1% to USD 3.94 per MMBtu.

first published: Aug 17, 2011 07:17 am

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