Gold futures rise to Rs 28,504 per 10 gm

PTI Updated - November 23, 2017 at 04:52 PM.

BL08_04_GOLD

Gold rose marginally by 0.18 per cent to Rs 28,504 per 10 gm at the futures trade today as participants enlarged positions mostly supported by a firm trend overseas.

Besides, pick-up in demand at the spot markets also supported the uptrend.

On the Multi Commodity Exchange, the yellow metal for delivery in February gained Rs 50 or 0.18 per cent to trade higher at Rs 28,504 per 10 gm in a turnover of 316 lots.

Similarly, the metal for delivery in April moved up by Rs 46 or 0.17 per cent to Rs 27,892 per 10 gm, clocking a business volume of five lots.

Analysts said a firm trend in the global market and rising demand in the spot market helped gold futures to trade higher.

Globally, gold for delivery in February rose 0.1 per cent to $1,204.30 an ounce on the Comex in New York.

Published on December 26, 2013 06:45