Gold futures could breach Rs 17,000 this week
Gold futures may breach the psychological Rs 17,000 mark this week on the back of a weaker dollar, enhancing the yellow metal's appeal as an alternative investment, analysts said.
Gold futures surged to record high by adding Rs 536 to Rs 25,978 per 10 grams in futures trading today on buying by speculators, driven by a strong overseas trend, where investors sought safe haven following downgrading of the US credit rating.