Gold futures up Rs 120 on positive global cues

Updated: Sat, Jan 12, 2019
12:20 am
PTI
RELATED NEWS
FinMin releases Rs 9,871 cr as revenue deficit grant to 17 states FinMin releases Rs 9,871 cr as revenue deficit grant to 17 states
Monetary Policy announcements exhibit continuity and stability - Expert Ajay Bagga tells Anil Singhvi Monetary Policy announcements exhibit continuity and stability - Expert Ajay Bagga tells Anil Singhvi
RBI Monetary Policy Review: Shaktikanta Das led panel keeps policy rates unchanged RBI Monetary Policy Review: Shaktikanta Das led panel keeps policy rates unchanged

Gold prices rose by Rs 120 to Rs 32,000 per 10 gram in futures trade Friday as speculators widened their bets, tracking a firm trend overseas.

At the Multi Commodity Exchange, gold for delivery in February was trading higher by Rs 120, or 0.38 per cent, to Rs 32,000 per 10 gram, in a business turnover of 13,971 lots.

Similarly, the March rates of the precious metal edged higher by Rs 136, or 0.43 per cent, to Rs 32,108 per 10 gram with a business volume of 115 lots.

Analysts said raising of bets by participants, taking positive cues from global markets as weakness in dollar raised demand for the precious metal as a safe-haven, mainly pushed up gold prices.

Globally, gold rose 0.11 per cent to trade at USD 1,228 an ounce in Singapore.

 

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

Get Latest Business News, Stock Market Updates and Videos; Check your tax outgo through Income Tax Calculator and save money through our Personal Finance coverage. Check Business Breaking News Live on Zee Business Twitter and Facebook. Subscribe on YouTube.