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Gold futures rise 0.22% on fresh bets

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Press Trust of India New Delhi
Last Updated : Nov 02 2017 | 11:22 AM IST
Gold prices rose 0.22 per cent to Rs 29,286 per 10 grams in futures trade as participants created fresh positions, tracking a firm trend overseas.
At the Multi Commodity Exchange, gold for delivery in December rose by Rs 65 -- or 0.22 per cent -- to Rs 29,286 per 10 grams in a business turnover of 129 lots.
Analysts said fresh positions created by traders were in line with a firm global trend after the US Federal Reserve left interest rates unchanged. Investors waited for an announcement on a new chair for the central bank.
Globally, gold rose 0.42 per cent to USD 1,279.60 an ounce in Singapore.

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First Published: Nov 02 2017 | 11:22 AM IST

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