Gold & Silver

Gold futures jump to Rs 29,850 per 10 gm

PTI New Delhi | Updated on January 16, 2018 Published on October 10, 2016

Gold prices were up by Rs 193 at Rs 29,850 per 10 gram at the futures trade today as speculators created positions amid positive cues from the global market.

At the Multi Commodity Exchange, gold for delivery in February next year shot up by Rs 193 or 0.65 per cent at Rs 29,850 per 10 gram in a business turnover of one lot.

The metal for delivery in December was trading higher by Rs 167 or 0.56 per cent at Rs 29,745 per 10 gram in a turnover of 372 lots.

According to analysts, a firm trend overseas where gold rebounded from the biggest weekly decline this year as investors piled into bullion-backed exchange-traded funds, lifting global holdings to the highest since 2013, and as the dollar fell for a second day, influenced the precious metal at the futures trade.

Meanwhile, gold rose 0.46 per cent to $1,263.40 an ounce in Singapore today.

Published on October 10, 2016
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