Gold stabilised near $1,310 an ounce on Tuesday as escalating tensions over conflicts in Ukraine and the Gaza strip dented global risk appetite and burnished the metal's safe-haven appeal.
Spot gold was little changed at $1,311.70 an ounce by 0247 GMT. It had gained as much as 0.6 percent in intraday trading on Monday, but failed to hold the gains and closed flat.
The S&P BSE Sensex rallied over 120 points in trade on Tuesday following positive trend seen in other Asian markets. The rally was led by gains in ITC, RILBSE 0.62 %, Bharti AirtelBSE 3.68 % and L&T.
The BSE Sensex was trading 0.46 per cent higher or 117 points at 25,832. It hit a low of 25,780.39 and a high of 25,839.07 in trade today.
Asian stocks edged up in early trading on Tuesday, though the upside was capped by lingering concerns about the Ukraine crisis and violence in Gaza which pressured U.S. yields and the dollar.
Asian Paints and Axis Bank gained ahead of their Q1 results today, 22 July 2014. Idea Cellular rose after the company reported strong Q1 results.
Bharti Airtel (up 2.33%), Tata Power Company (up 0.87%) and ITC (up 0.79%) edged higher from the Sensex pack.
Spot gold was little changed at $1,311.70 an ounce by 0247 GMT. It had gained as much as 0.6 percent in intraday trading on Monday, but failed to hold the gains and closed flat.
The S&P BSE Sensex rallied over 120 points in trade on Tuesday following positive trend seen in other Asian markets. The rally was led by gains in ITC, RILBSE 0.62 %, Bharti AirtelBSE 3.68 % and L&T.
The BSE Sensex was trading 0.46 per cent higher or 117 points at 25,832. It hit a low of 25,780.39 and a high of 25,839.07 in trade today.
Asian stocks edged up in early trading on Tuesday, though the upside was capped by lingering concerns about the Ukraine crisis and violence in Gaza which pressured U.S. yields and the dollar.
Asian Paints and Axis Bank gained ahead of their Q1 results today, 22 July 2014. Idea Cellular rose after the company reported strong Q1 results.
Bharti Airtel (up 2.33%), Tata Power Company (up 0.87%) and ITC (up 0.79%) edged higher from the Sensex pack.
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