Gold & Silver

Gold futures rise to Rs 28,150 per 10 gm

PTI New Delhi | Updated on January 11, 2018 Published on May 12, 2017

Gold prices rose 0.1 per cent to Rs 28,150 per 10 gram at the futures trade as participants created fresh positions, tracking a firm trend overseas.

At the Multi Commodity Exchange, gold for delivery in far-month August rose Rs 29 or 0.1 per cent to Rs 28,150 per 10 gram in a business turnover of one lot.

Likewise, the yellow metal for delivery in June moved up by Rs 26 or 0.09 per cent to Rs 28,030 per 10 gram in 255 lots.

Analysts said fresh positions built up by traders in line with a firm global trend, as the US and European stock markets retreated raising demand for the precious metal, influenced the trading sentiment.

Globally, gold rose 0.08 per cent to $1,225.80 an ounce in Singapore.

Published on May 12, 2017
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