Financials News

Gold futures up Rs 61 on global cues

Gold futures up Rs 61 on global cues

New Delhi: Gold prices were higher by Rs 61 to Rs 29,416 per 10 gram in futures trade as speculators widened their bets taking positive cues from the global market.

At Multi Commodity Exchange, gold for delivery in October was up by Rs 61 or 0.21 per cent to Rs 29,416 per 10 gram in business turnover of 28 lots.

The metal for delivery in far-month December also moved up by Rs 44 or 0.15 per cent to Rs 29,553 per 10 gram in a turnover of 516 lots.

Analysts said widening of positions by participants following a better trend in global market as weaknening dollar raised demand for the precious metals as safe-haven suppported the upside in gold futures here.

Meanwhile, gold traded 0.35 per cent higher at USD 1,275.60 an ounce in Singapore.

PTI