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Gold futures rise 0.31 per cent on positive global cues

Thu Feb 14 2018


Gold prices rose 0.31 per cent to Rs 30,430 per 10 gram in futures trade on Wednesday as speculators widened positions amid firm global cues.


At the Multi Commodity Exchange, gold for delivery in June rose Rs 94, or 0.31 per cent, to Rs 30,430 per ten grams in a business turnover of 2 lots.


Likewise, the yellow metal for delivery in April contracts was trading higher by Rs 84, or 0.28 per cent, at Rs 30,302 per ten grams in 181 lots.


Analysts said expansion of positions by participants in tandem with a firm trend overseas, buoyed by a weaker dollar led to the rise in gold futures.


Gold rose 0.44 per cent to USD 1,335.10 an ounce in Singapore.


Source: https://www.deccanchronicle.com