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Gold futures up 0.1% on global cues

Traders raised bets amid positive cues from the global markets

Gold futures up 0.1% on global cues
Press Trust of India New Delhi
Last Updated : Feb 17 2016 | 12:44 PM IST
Gold futures were up 0.11% to Rs 28,930 per ten grams as traders raised bets amid positive cues from the global markets.

At the Multi Commodity Exchange, gold for delivery in April rose by Rs 31 or 0.11% to Rs 28,930 per ten grams in a business turnover of 1,191 lots.

Similarly, the metal for delivery in far-month June traded higher by Rs 24 or 0.08% to Rs 29,190 per ten grams in 63 lots.

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Analysts attributed the rise in gold prices to a firming trend overseas as investors await the release of minutes from the last Federal Open Market Committee meeting for further signs of the central bank's views.

Meanwhile, gold was trading 0.46% higher at $1,205.80 an ounce in Singapore.

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First Published: Feb 17 2016 | 11:57 AM IST

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