Gold & Silver

Gold futures jumps to Rs 28,966 on global cues

PTI New Delhi | Updated on March 12, 2018 Published on November 14, 2011

Gold prices rose Rs 80 to Rs 28,966 per 10 grams at the futures trade today as speculators enlarged their positions driven by a firming global trend.

At the Multi Commodity Exchange, gold for delivery in December rose Rs 80 or 0.28 per cent to Rs 28,966 per 10 grams with a business turnover of 7,362 lots.

Similarly, the metal for delivery in February gained Rs 69 or 0.24 per cent to Rs 29,266 per 10 grams with a trade volume of 524 lots.

Market analysts said the trading sentiment bolstered after gold advanced in the global markets as a decline in dollar, after the appointment of new governments in Greece and Italy boosted the demand, for the metal as an alternative asset.

Meanwhile, the yellow metal gained 0.4 per cent to $1,796.27 an ounce in Singapore.

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Published on November 14, 2011
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