Gold futures up Rs 29 on firm global cues

Gold for delivery in far-month February 2017 traded higher by Rs 25, or 0.08 per cent, to Rs 29,825 per 10 gram in seven lots.

By: PTI | New Delhi | Published:October 25, 2016 12:27 pm
Gold, Gold value, Gold prices, Gold india, gold price world Gold prices rose Rs 29 to Rs 29,792 per 10 gram in futures trading today as participants widened bets, triggered by a firming trend overseas.

Gold prices rose Rs 29 to Rs 29,792 per 10 gram in futures trading today as participants widened bets, triggered by a firming trend overseas. At the Multi Commodity Exchange, gold for delivery in December was trading higher by Rs 29, or 0.10 per cent, to Rs 29,792 per 10 gram, in a business turnover of 229 lots.

Similarly, the yellow metal for delivery in far-month February 2017 traded higher by Rs 25, or 0.08 per cent, to Rs 29,825 per 10 gram in seven lots.

Analysts said expanding of positions by participants, tracking a firming trend in the global market mainly influenced the precious metal prices at futures trade.

Globally, gold rose 0.15 per cent to $1,266.30 an ounce in Singapore on Tuesday.