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Gold futures rise 0.26% on firm global cues

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Press Trust of India New Delhi
Gold prices rose 0.26% to Rs 29,465 per 10 grams in futures trading today as speculators raised bets, tracking firm trend overseas.

Gold for delivery in February was trading Rs 75, or 0.26 per cent, higher at Rs 29,465 per 10 grams, in a business turnover of 376 lots.

Similarly, the metal for delivery in April was also trading higher by Rs 56, or 0.19 per cent, at Rs 29,430 per 10 grams in 34 lots.

Analysts said speculators widened bets tracking a firming global trend as the weakness in dollar boosted demand for the precious metals as a safe haven.
 

Globally, gold inched up 0.54 per cent to USD 1,329.10 an ounce in Singapore.

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

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First Published: Jan 12 2018 | 11:05 AM IST

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