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Gold climbs Rs 48 on positive global cues

New Delhi: Gold prices rose by Rs 48 to Rs 28,212 per 10 grams in futures trade today as speculators raised bets amid a firm global trend.

At the Multi Commodity Exchange, gold for delivery in far-month August was trading higher by Rs 48, or 0.17 per cent, to Rs 28,212 per 10 grams in a business turnover of 10 lots.

The yellow metal for delivery in June gained Rs 19, or 0.07 per cent, to Rs 28,091 per 10 grams in 69 lots. Market analysts attributed the rise in gold prices at futures trade to positive global cues where the precious metal saw a slight rebound after pro-European centrist Emmanuel Macron beat anti-EU far-right candidate Marine Le Pen in France’s presidential election. Meanwhile, gold was trading 0.18 per cent higher at USD 1,230.10 an ounce in Singapore.

PTI