Gold takes gain forward, up Rs 32 on global cues

Analysts attributed persistent rise in gold prices at futures trade to a firming trend overseas and ongoing festive and wedding season demand from jewellers in the domestic spot market.

By: PTI | New Delhi | Published:October 27, 2016 11:21 am
gold, gold prices fall, gold price, gold market, gold trading, business news Continuing its winning run, gold prices rose by another Rs 32 to Rs 29,866 per 10 gram in futures trade today amid a firm global trend.

Continuing its winning run, gold prices rose by another Rs 32 to Rs 29,866 per 10 gram in futures trade today amid a firm global trend.

At Multi Commodity Exchange, gold for delivery in December was trading higher by Rs 32 or 0.11 per cent to Rs 29,866 per 10 gram in a business turnover 270 lots.

On similar lines, the yellow metal for delivery in February next year gathered another Rs 21 or 0.07 per cent to Rs 29,828 per 10 gram in 8 lots.

Analysts attributed persistent rise in gold prices at futures trade to a firming trend overseas and ongoing festive and wedding season demand from jewellers in the domestic spot market.

Meanwhile, gold edged higher 0.03 per cent to USD 1,267.10 an ounce in Singapore.