Gold & Silver

Gold futures jump to Rs 29,853

PTI New Delhi | Updated on January 08, 2018

Gold prices rose 0.49 per cent to Rs 29,853 per 10 grams at the futures trade today as participants created fresh positions owing to a firm trend overseas.

At the Multi Commodity Exchange, gold for delivery in December rose Rs 146 or 0.49 per cent to Rs 29,853 per 10 grams in a business turnover of 360 lots. The yellow metal for delivery in February moved up by a similar margin to trade at Rs 29,950 per 10 grams in 2 lots.

Analysts said building of fresh positions by traders in line with a firm global trend supported gold prices at the futures trade here. Globally, gold rose 0.26 per cent to $1,294.40 an ounce in Singapore.

Published on October 12, 2017

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