Gold futures up Rs 103 on global cues

Updated: Tue, Sep 05, 2017
11:59 pm
PTI
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Gold prices were higher by Rs 103 to Rs 30,208 per 10 grams in futures trade today as speculators widened their positions on positive cues from global markets.

At the Multi Commodity Exchange, gold for delivery in October was trading higher by Rs 103, or 0.34 per cent, at Rs 30,208 per 10 grams, in a business turnover of 426 lots.

The metal for delivery in far-month December too rose by Rs 94, or 0.31 per cent, at Rs 30,386 per 10 grams, in a turnover of three lots.

Analysts said a firming trend in global market on prevailing geopolitical tensions after the North Korea on Sunday claimed that it had successfully tested a hydrogen bomb, fuelled safe haven demand, influenced the gold prices in futures trade.

Globally, gold rose 0.22 per cent higher at USD 1,336.70 an ounce in Singapore today.

 

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