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Gold futures rise 0.11% on fresh bets

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Press Trust of India New Delhi

Gold prices rose 0.11 per cent to Rs 32,102 per 10 grams in futures trade as participants created fresh positions even as the precious metal weakened overseas.

At the Multi Commodity Exchange, gold for delivery in December rose by Rs 36, or 0.11 per cent to Rs 32,102 per 10 grams in a business turnover of 126 lots.

Gold for delivery in November contracts also gained Rs 27, or 0.08 per cent, to quote at Rs 31,904 per ten grams in 447 lots.

Analysts said fresh positions created by traders mainly supported the upside in gold prices in futures trade here but a weak trend in global market, capped the gains.

 

Globally, gold shed 0.07 per cent to USD 1,226.90 an ounce in Singapore.

Disclaimer: No Business Standard Journalist was involved in creation of this content

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First Published: Oct 16 2018 | 10:50 AM IST

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