Gold futures marginally up on global cues

At the Multi Commodity Exchange, gold for delivery in June was trading higher by Rs 14, or 0.05 per cent to Rs 28,010 per 10 grams in a business turnover of 472 lots.

By: PTI | Published: May 11, 2017 11:29 am
gold, gold price, gold investment, gold market, gold reserve, gold price rise, indian express news, india news Market analysts attributed gain in gold prices to raising of bets by participants largely on the back of a firming trend in global markets.

Gold prices rose 0.05 per cent in futures trade on Thursday as participants raised their exposure, tracking a firm trend overseas.

At the Multi Commodity Exchange, gold for delivery in June was trading higher by Rs 14, or 0.05 per cent to Rs 28,010 per 10 grams in a business turnover of 472 lots. Market analysts attributed gain in gold prices to raising of bets by participants largely on the back of a firming trend in global markets.

Meanwhile, gold gained 0.11 per cent to USD 1,220.20 an ounce in Singapore.

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