(FILES) This file photo taken on October 05, 2012 shows Gold bars and coins displayed on a table at the Comptoir National de l'Or, a shop that buys, sales and estimates gold and jewellery in Paris. As stated in an AFP story on November 22, 2016, a Frenchman who inherited a big house from a dead relative got more than he bargained for when he discovered a glittering treasure trove of gold coins and bars worth millions stashed around the place.Squirrelled away in hiding places throughout the house, he came across thousands of gold coins and bars weighing 100 kilogrammes (220 pounds) in total."There were 5,000 gold pieces, two bars of 12 kilos and 37 ingots of 1 kilo," Nicolas Fierfort, a local auctioneer, told AFP, confirming a report in the local La Depeche newspaper. / AFP PHOTO / BERTRAND GUAY
Gold prices rose 0.5 per cent to Rs 30,366 per 10 grams at the futures trade as speculators built up fresh positions, tracking a firm trend overseas.
At the Multi Commodity Exchange, gold for delivery in far-month April traded higher by Rs 150 or 0.5 per cent at Rs 30,366 per 10 grams in a business turnover of 36 lots. On similar lines, the metal for delivery in February went up by Rs 147 or 0.49 per cent at Rs 30,396 per 10 grams in 176 lots.
Analysts said traders created fresh positions in step with a firm global trend, as the dollar weakened to near three-year lows in the wake of comments by US Treasury secretary Steven Mnuchin that he welcomed a weaker currency. Globally, gold held firm near 1-1/2 year highs at $1,363.60, by rising 0.43 per cent in Singapore.
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Published on January 25, 2018
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