Gold futures on the Multi Commodity Exchange opened higher by Rs 21 to Rs 30,157 per 10 grams as rupee depreciated against dollar.
In Comex, the yellow metal was trading up at $1,622 a troy ounce.
The European Union and the International Monetary Fund have pledged at least €393 billion ($485 billion) in aid to Greece, Ireland, Portugal and Spain to help them pay their bills while they implement reforms.
Gold prices in the futures market in India may trade on the higher side drawing support from weak rupee.
COMMENT NOW
Comments
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.