Gold futures gain 0.14 per cent on global cues

Gold futures gain 0.14 per cent on global cues
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New Delhi: Gold prices moved up by 0.14 per cent to Rs 30,492 per 10 grams in futures trade on Monday as speculators raised bets amid a firm trend overseas.

At the Multi Commodity Exchange, gold for delivery in April rose by Rs 44, or 0.14 per cent, to Rs 30,492 per ten grams in business turnover of 292 lots.

Likewise, the metal for delivery in June contracts was trading higher by Rs 36, or 0.12 per cent, to Rs 30,585 per ten grams in 14 lots.

Analysts said widening of positions by participants amid a firming trend in the global markets as the dollar remained pressured amid fears of a global trade war following US President Donald Trump’s decision to impose tariffs on imports of aluminum and steel, influenced gold prices at futures trade here.

Globally, gold rose 0.28 per cent to USD 1,326.30 an ounce in Singapore on Monday.

PTI