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Gold climbs Rs 98 in futures trade on global cues

Gold climbs Rs 98 in futures trade on global cues

New Delhi: Gold prices rose by Rs 98 to Rs 30,380 per 10 gram in futures trade on Friday 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 on Friday.

PTI