Gold & Silver

Gold futures climb to Rs 28,573 on firm global cues

PTI New Delhi | Updated on January 09, 2018 Published on August 09, 2017

Gold rose Rs 194 to Rs 28,573 per 10 grams at the futures trade as speculators enlarged their positions, tracking a firm trend overseas.

At the Multi Commodity Exchange, gold for delivery in October spurted Rs 194 or 0.68 per cent to Rs 28,573 per 10 grams in a business turnover of 761 lots.

Similarly, the metal for delivery in far-month December was also trading higher by Rs 185 or 0.65 per cent at Rs 28,580 per 10 grams in 13 lots.

Market analysts said speculators widened their bets in sync with a firm global trend amid rising tensions between the US and North Korea. Globally, gold climbed 2.29 per cent to $1,264.40 an ounce in Singapore.

Published on August 09, 2017
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