Gold climbs Rs 98 in futures trade on global cues

Updated: Fri, Sep 08, 2017
10:59 am
PTI
RELATED NEWS
Budget 2019 expectation: Fiscal deficit may see upward revision in Budget from 3.4% to beat slowdown Budget 2019 expectation: Fiscal deficit may see upward revision in Budget from 3.4% to beat slowdown
Planning ETF investment? Finance Ministry to launch exchange-traded fund this fiscal - Check details Planning ETF investment? Finance Ministry to launch exchange-traded fund this fiscal - Check details
Modi government should focus on economic growth, rural consumption: Taher Badshah, CIO, Invesco Mutual Fund Modi government should focus on economic growth, rural consumption: Taher Badshah, CIO, Invesco Mutual Fund

Gold prices rose by Rs 98 to Rs 30,380 per 10 gram in futures trade today as speculators took fresh positions on positive cues from global markets.

At the Multi Commodity Exchange, gold for delivery in October was trading higher by Rs 98 or 0.32 per cent at Rs 30,380 per 10 gram in a business turnover of 376 lots.

The metal for delivery in far-month December also was up by Rs 67, or 0.22 per cent to Rs 30,511 per 10 gram in a turnover of one lot.

Market analysts said the rise in global market prices where gold surged to one-year high as the dollar sagged on the back of weaker-than-expected US jobs data. This influenced gold prices in futures market in India as well.

Globally, gold surged 0.28 per cent to USD 1,352.40 an ounce, its highest since September 2016 in Singapore today.

 

(This article has not been edited by Zeebiz editorial team and is auto-generated from an agency feed.)