Gold futures up on global cues to Rs 29,057https://indianexpress.com/article/news-archive/web/gold-futures-up-on-global-cues-to-rs-29-057/

Gold futures up on global cues to Rs 29,057

At the Multi Commodity Exchange,gold for delivery in June rose by Rs 92 or 0.32 per cent to Rs 29,057 per 10 gm in business turnover of 6,238 lots.

Gold prices rose by Rs 92 to Rs 29,057 per 10 gm in futures trade today as speculators increased their positions,tracking a firming trend overseas.

At the Multi Commodity Exchange,gold for delivery in June rose by Rs 92,or 0.32 per cent,to Rs 29,057 per 10 gm in business turnover of 6,238 lots.

Similarly,the yellow metal for delivery in the August contract moved up by Rs 72,or 0.25 per cent,to Rs 29,389 per 10 gm in 2,090 lots.

Market analysts said besides firming global trend,improved demand in the spot market mainly led to rise in gold prices at futures trade.

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Meanwhile,gold rose by USD 4.60 to USD 1,578.30 an ounce in London.