Gold & Silver

Gold futures rise to Rs 28,172 on positive global cues

PTI New Delhi | Updated on January 11, 2018 Published on July 06, 2017

Gold prices rose Rs 65 to Rs 28,172 per 10 grams at the futures trade as speculators created positions amid positive cues from the global market.

At the Multi Commodity Exchange, gold for delivery in August moved up by Rs 65 or 0.23 per cent at Rs 28,172 per 10 grams in a business turnover of 297 lots.

The metal for delivery in far-month October was trading higher by Rs 57 or 0.2 per cent at Rs 28,326 per 10 gram in a turnover of 5 lots.

Analysts said raising of bets by participants in sync with a firm trend in the global market influenced the precious metal prices at the futures trade.

Meanwhile, gold rose as much as 0.29 per cent to $1,226.70 an ounce in New York yesterday.

Published on July 06, 2017
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